Reported 1 day ago
On a troubling day for U.S. assets, Japan's long-term bond yields soared to a record high of 3.14%, reflecting increasing investor concerns over fiscal health and global economic dynamics. This surge follows a weak auction of 20-year securities, highlighting declining demand for long-term government debt, particularly in Japan, which faces a staggering debt-to-GDP ratio. Meanwhile, U.S. markets grapple with the aftermath of a credit downgrade and ongoing political challenges surrounding tax legislation.
Source: YAHOO