Asian shares extend bounce to fifth day, dollar sags to three-year low

By Hideyuki SanoTOKYO (Reuters) - Asian shares rose for a fifth straight day on Friday as investor confidence slowly returns after a sharp sell-off earlier in the month, while the dollar continued its descent, hitting a three-year low against a basket of major currencies.U.S. debt yields rose near multi-year highs.

Two-year note yields hit a 9 1/2-year high as bond prices fell on Federal Reserve officials' signalling that recent volatility in U.S. stocks would not stop them raising interest rates in March.European shares are expected to rise.

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