Global bond yields retreated on Thursday, calming a pressured market. This followed the Federal Reserve's recent rate hike and Chairman Kevin Warsh's strong commitment to taming inflation. Traders are now awaiting Friday's Bank of Japan decision.
Yields on 10-year Treasuries fell three basis points, settling at 4.99%, effectively ending an eight-day streak of gains. Similar-tenor notes in Australia also saw their yields decline by three basis points, while those in Japan saw a decrease of less than one basis point.
