Original title: Japan Joins Global Bond Slide, Asian Stocks Fall: Markets Wrap
Japanese bonds joined a slump in global debt as a rush of corporate-debt sales Bloomberg Terminal and concerns over developed-world budgets dragged down European fixed-income securities and Treasuries. Super-long bonds led losses in Japan, with 30-year yields rising eight basis points to 3.28%, while the yen extended its declines amid political uncertainty in the country. US 30-year bond yields held close to 5% after a spike on Tuesday that weighed on tech shares on Wall Street. Australian bonds also retreated while Asian stocks followed the US lower. The dollar rose for a second day.