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Market move● Neutral for Indian equities
Nikkei, TOPIX up over 1% as Japanese indices lead Asian markets despite Wall Street bond rout
The brief
- Nikkei and TOPIX rose over 1%, leading Asian markets
- Two-year US Treasury yields surged more than 150 basis points since the US-Iran conflict began
- Japan's two year govt bond yield nears 2% on BOJ rate hike bet
- Global Market: Japan’s Nikkei slips after early gains as Nasdaq futures weaken
- Japanese bond yields climb towards multi-decade highs on inflation, BOJ tightening bets
- Japan Could Redraw the Global Oil Map
- Asian Markets Today: Nikkei Gains, Kospi Slips As Crude Oil Prices, Treasury Yields Rise
Rising US Treasury yields and market pressure
US Treasury yields climbed to multiyear highs, with the 30-year yield above 5.53% and the 10-year at a 19-year high. Reports cited sticky inflation, heavy bond issuance and rising oil prices, while warning of pressure on US and Indian stocks, valuations and capital inflows.
Friday, 25 September
- Nikkei, TOPIX up over 1% as Japanese indices lead Asian markets despite Wall Street bond rout