▸ Global bond yields jump after BoJ gov­ernor hints at interest rate increase

▸ Tech sec­tor leads US stocks down as investors scale back expos­ure to risk

▸ Bit­coin under fur­ther pres­sure and falls 7% to be down 20% in past month

Global bond mar­kets dropped yes­ter­day after the Bank of Japan sig­nalled that it could raise interest rates later this month.

Japan’s two-year gov­ern­ment bond yield jumped above 1 per cent for the first time since 2008 yes­ter­day after Bank of Japan gov­ernor Kazuo Ueda indic­ated that the cent­ral bank might raise interest rates this month. Longer-term debt also fell, with the 10-year yield up 0.07 per­cent­age points to 1.87 per cent.

The jump in Japan­ese yields, which move inversely with price, rippled through fixed income mar­kets, spark­ing declines from Ger­many to the US.

US Treas­ury yields yes­ter­day recor­ded their biggest daily rise in a month, with the two-year yield rising 0.05 per­cent­age points to 3.54 per cent as traders scaled back expect­a­tions of interest rate cuts in 2026.