Original title: Japanese Super-Long Bonds Fall After Treasuries: 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%. 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. Asian stocks followed the US lower. The dollar rose for a second day and gold extended a six-day rally to print a fresh all-time high.