ROUGH RECORDS:
Bonds in Japan, as well is in New Zealand, Australia and the US, are seeing the effects of a nervy market as stock exchanges across Asia edge down
Bloomberg and AP
A man walks past a financial information display board street in Tokyo yesterday.
“Global yields are rising sharply and there is nothing at the moment to change the market mood from late last week when bonds were sold off on concerns over inflation and fiscal expansion,” Mitsubishi UFJ Morgan Stanley Securities Co senior fixed-income strategist Keisuke Tsuruta said.Yields on 10-year US Treasuries advanced three basis points to 4.63 percent in Asia yesterday, the highest since February last year. Those on 30-year US bonds have risen above 5 percent and are near their highest since 2007. Australian and New Zealand bond yields advanced, while European bond futures were under pressure.
