Global Bond Selloff Ramps Up, Asian Equities Rise: Markets Wrap
A global bond selloff accelerated in Asia on Thursday, pushing Japanese benchmark yields to their highest in more than a decade after heavy selling in German bunds spread across fixed income markets. Asian stocks were buoyed by a delay to some US tariffs on Mexico and Canada, while benchmarks in Japan, South Korea, Hong Kong all rose. The Hang Seng China Enterprises Index jumped as much as 2.9%, reflecting investors' heightened expectations for more supportive measures that may be announced at Chinese government ministries' joint press conference this afternoon in Beijing.
- This sudden shift in market sentiment highlights the interconnectedness of global financial markets, where a single event in one region can trigger a ripple effect across the globe.
- How will the ongoing volatility in bond markets impact investor expectations for economic growth and inflation in the coming months?