Global bond yields rise, while stocks slip on threats of further US tariffs
Investors brace for a packed earnings week and a meeting between European Commission president Jean-Claude Juncker and Donald Trump to discuss threatened tariffs
New York — Signs that the Bank of Japan (BoJ) might scale back support for the economy faster than expected sent tremors through debt markets on Monday, while stocks slipped as threats of further US tariffs on China drained risk appetite. Bond yields climbed after reports that the BoJ was discussing modifying its huge stimulus programme sent Japan’s 10-year bond yield to a six-month high. The report rekindled anxieties about monetary stimulus easing around the world and piled further pressure on investors already struggling to navigate rising protectionism. The yield on Europe’s benchmark bond, the German 10-year bund, hit a one-month high of 0.39%. US 10-year treasury yields also hit their highest in a month at 2.937%. The yen climbed 0.05% to two-week highs against the greenback at ¥111.34 a dollar. "It’s all that concern investors have about the move from global quantitative easing to global quantitative tightening. That fear gets stoked when you have reports such as this," said ...
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