Global bond yields are climbing on concern the rally in crude oil prices to a 13-month high will boost inflation pressures and prompt the world’s central banks to keep interest rates higher for longer. Chinese stocks rebounded from early losses and closed higher as short covering emerged in late trading today ahead of the week-long Golden Week holidays that begin Friday. Johnson Controls International Plc (JCI) dropped more than -2 % in pre-market trading after reporting a cybersecurity incident that caused disruptions in parts of its information technology infrastructure and applications.