BOJ Rate Hike Speculation Sparks Asia Selloff and Bond Yield Surge
TL;DR
Asian markets experienced a selloff triggered by rising Japanese bond yields and bets on a BOJ rate hike, leading to a significant drop in Bitcoin and other cryptocurrencies, with over $646 million in leveraged liquidations across major exchanges.
- Asia Morning Briefing: BOJ Rate-Hike Bets Trigger Asia Selloff and Bitcoin Slide CoinDesk
- Yen and bond yields rise after BoJ governor hints at rate increase Financial Times
- 2-Year JGB Yield Hits 1.000% for First Time in 17 Years The Wall Street Journal
- 2-year Japan government bond yields rise above 1% on BOJ hike speculation Nikkei Asia
- Japan’s Two-Year Bond Yield Reaches 1% for First Time Since 2008 Bloomberg.com
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