* Indonesia's 10-year bond yields at 10-month high
* Thailand, Philippines inflation data eyed
* Taiwan dollar hits over 7-year low

By John Biju
       Oct 4 (Reuters) - Most emerging Asian currencies
depreciated for the third straight session on Wednesday as
market participants steered clear of riskier assets, pressured
by surging U.S. Treasury yields.  
    The Thai baht and the Malaysian ringgit
hovered near 11-month lows. Meanwhile, the Indonesian rupiah
 continued to veer around 10-month lows after erasing all
the gains so far this year on Tuesday.
    All three currencies logged three straight sessions of
losses.
    Shares in Asia were also subdued with equities in Singapore
, South Korea and Indonesia declining
between 1.1% and 2.3%.
    U.S. Treasury yields, which hit 16-year high
after new data raised fears that the Federal Reserve would keep
interest rates higher for longer, triggered a sell-off in
riskier Asian assets.
    "We expect Asia excluding Japan on the whole to slip back
further amid recession risks; albeit prone to two-way volatility
and differentiated outcomes," analysts at Mizuho Bank said.
    The rout in Asian currencies caught the attention of central
banks including Bank Indonesia, which intervened in the foreign
exchange market on Tuesday to manage the supply and demand of
U.S. dollars, and on Wednesday bought government bonds to instil
confidence in the market.
    Indonesia's 10-year yields scaled a fresh
10-month peak of 7.067%.
    The Singapore dollar weakened up to 0.2% to 1.3754
per dollar while shares lost up to 1.8% to hit their
lowest level since early July.
    Investors expect the Monetary Authority of Singapore to
stand pat on rates next week as the city-state fights a weak
economic outlook and persistent price pressures.
    The Taiwan dollar retreated up to 0.3% to 32.435
per dollar, hitting its lowest level since June 2016.
    The Philippine peso, the South Korean won and
the Indian rupee were largely unchanged.
    Market participants are also awaiting inflation data from
Thailand, Philippines and South Korea this week and the Reserve
Bank of India's monetary policy decision.
    Markets in China were closed for a public holiday.
    
    HIGHLIGHTS:    
    ** Thai 10-year benchmark yields rise 14 basis
points to 3.370%
    ** Japan keeps markets guessing on yen intervention, warns
against sharp falls 
    ** Thai c.bank chief's opinions on economy 'different' from
new PM's
    
  Asia stock indexes and                             
 currencies at 0527 GMT                         
 COUNTRY  FX RIC        FX     FX  INDE  STOCK  STOCK
                     DAILY  YTD %     X      S  S YTD
                         %               DAILY      %
                                             %  
 Japan               -0.13  -12.1  <.N2  -2.28  16.99
                                3  25>          
 China                           EC>          
 India               -0.05  -0.63  <.NS  -0.55   7.27
                                   EI>          
 Indones             -0.33  -0.40  <.JK  -1.05   0.25
 ia                                SE>          
 Malaysi             -0.15  -6.96  <.KL  -0.31  -5.34
 a                                 SE>          
 Philipp             -0.04  -1.83  <.PS  -0.42  -4.37
 ines                              I>           
 S.Korea             +0.04  -7.32  <.KS  -2.33   7.66
                                   11>          
 Singapo             -0.08  -2.49  <.ST  -1.53  -3.32
 re                                I>           
 Taiwan              -0.30  -5.30  <.TW  -1.07  15.14
                                   II>          
 Thailan             -0.24  -6.95  <.SE   0.40  -12.9
 d                                 TI>              2
 
    
 (Reporting by John Biju in Bengaluru; Editing by Dhanya Ann
Thoppil)