London — Signs that the Bank of Japan (BoJ) could scale back its monetary stimulus faster than expected sent tremors through bond markets on Monday, while European stocks slid as threats of further US tariffs on China drained risk appetite. Europe’s bond yields climbed after a Reuters report that the BoJ was discussing modifying its huge easing programme sent Japan’s 10-year bond yield to a six-month high. The report rekindled anxieties about global monetary policy easing and piled further pressure on investors already struggling to navigate rising protectionism and tense geopolitics. The yield on Europe’s benchmark bond, the German 10-year Bund, hit a one-month high of 0.39% while US 10-year Treasury yields also hit their highest in a month at 2.90%. The yen climbed to two-week highs against the dollar and was last up 0.4% at 110.98 a dollar. "It’s all that concern investors have about the move from global quantitative easing to global quantitative tightening. That fear gets stoked...
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