Bitcoin pushed to a new record of $47,492.93 after getting a huge boost from news that Elon Musk's electric carmaker Tesla had invested $1.5 billion in the cryptocurrency and said it would soon accept it as payment.
The 30-year bond was last up 4.9 basis point at 1.9267%, while the 20-year yield hit 1.735%, its highest level since that bond maturity was relaunched in May 2020.
The dollar advanced to a near one-week high against a basket of currencies, as volatility in stock markets around the globe sapped investors' appetite for riskier currencies.
It has piled on more than 170 percent since the start of the year, helped by PayPal online payments giant saying it would enable account holders to use the unit.
U.S. stocks also got an added boost after reports that Biden plans to nominate former Federal Reserve Chair, Janet Yellen, to become the next Treasury Secretary. Futures for the S&P 500 rose 0.48% in early Asian trade.
According to stock exchange data, Indian shares witnessed inflows worth $2.66 billion in October, after seeing an outflow of about $1 billion in the previous month.
Wall Street had closed higher on signs that Democrats in the House of Representatives were working on a $2.2 trillion coronavirus stimulus package that could be voted on next week.
Chinese blue chips added 0.4%, buoyed by data showing China’s industrial output rose 5.6% in August from a year ago, expanding for a fifth straight month.
However, analysts do not expect selling in Asia to match the Wall Street moves, which were driven by a sharp correction in technology stocks, as investors await key U.S. data due later on Friday.