Global marketsUpdated 10h ago

Japan’s bond yields jump as hotter U.S. inflation fuels bets on steeper Fed hikes.

Japanese government bonds fell Wednesday, tracking an overnight selloff in U.S. Treasuries, and yields jumped. Hotter-than-expected U.S. inflation fueled market bets that the Federal Reserve may need to raise rates more aggressively. The Treasury move had reached Japan’s bond market too.

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