Summary: Long bond yields rose globally, with Japan’s 30-year JGB yield hitting a record high, as concerns about government debt and economic growth intensified. This surge in yields, driven by worries about budget deficits and bond issuance, weighed on the tech sector and contributed to declines in stock markets. Investors are closely monitoring upcoming services data from Europe and key U.S. labor data for further insights into economic conditions and potential interest rate cuts by the Federal Reserve.

Link: https://www.channelnewsasia.com/business/long-bond-yields-rise-gold-hits-record-fiscal-concerns-5329866