S&P 500 — US Large Cap Index
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Euro Stoxx 50 — Eurozone Leaders
DAX 40 — German Equities
CAC 40 — French Market Index
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Hang Seng — Hong Kong Index
Shanghai Composite — China Mainland
ASX 200 — Australian Market
TSX Composite — Canada Index
Nifty 50 — India Large Cap
STI Index — Singapore Market
KOSPI — South Korea Index
Bovespa — Brazil Equities
JSE Top 40 — South Africa Index
IPC Index — Mexico Market
Japan’s 10-year government bond yield climbed to around 2.76% on Thursday, rising for a third consecutive session as expectations for faster Bank of Japan rate hikes strengthened. Reports that BOJ officials were open to faster policy tightening lifted the broader JGB curve, with swap markets pricing around an 80% chance of a 25-basis-point rate hike to 1.25% in October, up from around 70% previously. The yen remained near a four-decade low against the dollar, while rising oil prices amid escalating US-Iran tensions added to inflation concerns and reinforced expectations that the BOJ will continue normalizing policy. Policymakers have remained alert to upside price risks from a weaker yen and higher fuel costs. Meanwhile, Japan’s 2-year government bond yield climbed to a 31-year high of 1.49% as investors further adjusted expectations for the BOJ’s rate path, while rising US Treasury yields also weighed on Japanese bonds.
