Japan's 10-year yield hits 3%, a first since 1996 as rate hikes dominate the G20

Japan's 10-year government bond yield touched 3% on Tuesday for the first time since 1996, part of a deepening global sovereign debt sell-off, while US Treasury Secretary Scott Bessent used the G20 finance meeting to press Tokyo for faster rate hikes.

The Australian sharemarket fell in its first session of spring, with investors alarmed by the rising price of oil after the US launched its first military action in a month against Iran.

The Australian sharemarket fell in its first session of spring, with investors alarmed by the rising price of oil after the US launched its first military action in a month against Iran.

Japanese Finance Minister Satsuki Katayama said on Monday she ‌met US Treasury Secretary Scott Bessent and agreed that orderly yen movement is critical for global market stability. The ⁠two countries also confirmed that ‌continued, cooperative measures would contribute to this common goal, ‌Katayama told reporters afte

U.S. Treasury Secretary Scott Bessent said he believes Japan's government and central bank will take action that leads to a stronger yen, CNBC reported on Monday, signaling a strong chance of a Bank of Japan interest rate hike in September.

Bessent expects Japan to take action to boost yen, signals BOJ rate-hike chance  Reuters

ASHEVILLE, North Carolina, Aug 31 : U.S. Treasury Secretary Scott Bessent told CNBC on Monday that he believes the Japanese government and the Bank of Japan will take action that leads to a stronger yen."I have information that the market doesn't have, and it's my belief that the Japanese government and that the BOJ wi

Baht, Rupiah Seem Particularly Exposed to Rise in Fed Rate-Hike Prospects  WSJ