TOKYO (Reuters) – Asian shares flirted with six-week lows on Thursday as U.S. bond yields crept up towards four-year highs as investors fretted that low borrowing costs enjoyed by companies for many years may be endangered by the threat of rising inflation.

U.S. congressional leaders reached a two-year budget deal to raise government spending by almost $300 billion, a rare display of bipartisanship that should stave off a government shutdown but also widen the federal deficit sharply.

“The scale of increase in spending was much larger than what markets were

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