Original title: Japanese Ultra-Long Bonds Fall After Treasuries: Markets Wrap
Treasuries steadied in early Asian trading after a rush of corporate-debt sales Bloomberg Terminal and worries over developed-world budgets sent bonds and stocks lower. US 30-year bond yields held close to 5% on Wednesday after a spike overnight weighed on tech shares on Wall Street. Ultra-long bonds in Japan also fell, sending yields on the 30-year higher by more than six basis points to 3.265%. Asian stocks followed the US lower at the open.