A passerby walks past an electric monitor displaying recent movements of various stock prices outside a bank in Tokyo, Japan, March 22, 2023.
The U.S. 10-year yield has shot up 35 basis points this week, on track for its biggest weekly rise in over a decade.
The 2s/10s yield curve has steepened 27 basis points, which would be the biggest weekly steepening move since March.
The 10-year yield rose as high as 4.996%, a level not seen since July 2007.
On the economic data front, data are expected to show Japan's annual core inflation rate was 2.7% in September, cooling from 3.1% in August.
Persons:
Issei KatoFile, Jamie McGeever, Kazuo Ueda, Jerome Powell, Ueda, Josie Kao
Organizations:
REUTERS, Bank of Japan, People's Bank of, Federal, Netflix, Thomson, Reuters
Locations:
Tokyo, Japan, Treasuries, Malaysia, Hong Kong, China, People's Bank of China, Asia, U.S, Hill, East