Japanese 10-year government bond yield rose to a 30-year high on Thursday, following a surge in Treasury yields.
Treasury Secretary Scott Bessent announced the US and China have sealed a two-month extension to their trade truce as Xi Jinping landed in America for his first state visit in eleven years.
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The US treasury secretary said that the US and China had reached an agreement to extend a trade truce as Xi began his visit.
Developing story — details emerging. Check the source link for the latest updates.
Yen intervention risk is back in focus with Japan returning from holiday as a two-week long slide in the currency puts it back within reach of the closely watched level of 160 per dollar.