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Seniors displaced after Yarmouth fire | SaltWire #fire #yarmouth #seniors #newsSoaring bond yields continued to unnerve equity investors on Wednesday, with benchmark U.S. Treasuries pushing further above 4.5% in Tokyo hours and their Japanese counterparts hitting levels not seen since 2011.
That is feeding inflationary worries at the Bank of Japan, as the yen, at its weakest for 34 years, forces policymakers into a more hawkish posture. Market participants have reacted by bringing forward bets for additional Japanese rate hikes and a start to quantitative tightening. The string of upward data surprises ups the ante ahead of today's release of preliminary German CPI figures for May and consumer confidence surveys for Germany, France and Italy.And while high-flying Nvidia may have pulled the Nasdaq out of bonds' gravitational pull to reach record heights on Tuesday, futures point to a weaker restart.
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