TokyoJapan’s 10-year yield hit 3.11%, near a 30-year high.
The sell-off spans 4 markets, with US 10-year yields at 5.31% and Australia’s at 5.42%.
The Bank of Japan’s Tankan survey showed all-industry conditions at their best since 1991, bolstering bets on more rate rises.
Currency traders doubt an October hike, and the yen fell 0.5% to ¥158.16 against the dollar.
The Federal Reserve decides on 28 October and the Bank of Japan on 30 October.
How each outlet framed it
drawn from 60+ reports worldwide
- Financial Times News
- frames as U.S. contagion plus BoJ tightening uncertainty; Tankan survey shows best sentiment since pre-COVID
- Asianet News Network Pvt Ltd leans critical
- reports Indian market impact — Sensex down 287pts, Nifty resistance at 22,810 amid U.S. Treasury pressure