Asian shares drop, Treasury yields near high as markets brace for aggressive U.S. rate rises

By Nichola Saminather SINGAPORE (Reuters) - Asian shares joined Wall Street and Europe in surrendering some recent gains on Friday, retreating on the possibility of faster-than-expected U.S. interest rate increases that boosted 10-year U.S. Treasury yields to an 18-month high overnight. Investors in Europe remain nervous ahead of a constitutional referendum in Italy and a presidential election in Austria this weekend. Yields for 10-year U.S. Treasuries pulled back to 2.4357 percent on Friday, af