<h1>Global markets drop as Treasury yields rise; presidential move to remove Fed board member raises legal and governance questions</h1> Asian and U.S. markets fell after Wall Street reversed prior gains amid shifting interest-rate expectations and rising Treasury yields; major indices and energy and currency benchmarks moved lower. Selling was broad, led by healthcare stocks, while several large technology firms limited losses. Traders still price a high probability of a near-term Federal Reserve rate cut. Separately, a U.S. presidential action to remove a Federal Reserve board member amid mortgage-fraud allegations raises potential legal and administrative issues concerning statutory removal procedures, agency governance and any parallel criminal or civil investigations.