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Global bond selloff intensifies as investors brace for rate hikes
Japanese 10-year yields hit their highest level in three decades, coinciding with a Nasdaq slump.
WSJ Markets reports that a global bond selloff intensified as investors positioned for potential rate hikes.
The outlet notes that Japan’s 10-year yield rose to its highest level in about three decades.
Alongside the move in rates, the report says the Nasdaq fell, signaling market stress across equities as bond yields moved higher.
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