Bond Yields Hit Multi-Year Highs As Oil Eases
Global bond yields reached multi-year highs on Thursday as Asian equities mixed and oil prices eased from recent peaks. Investors monitored geopolitical tensions involving Iran and trade talks between the United States and China.
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Global debt markets tumbled during Thursday morning trade, pushing the benchmark 10-year Japan government bond yield to 3.075%, a level not seen since August 1996. The sell-off followed a sharp drop in United States Treasuries overnight as traders priced in persistent inflation risks. Equities across Asia were mixed while energy benchmarks eased from recent highs.
