Weak Japan Bond Sale Deepens Global Selloff After Trump Address

A weak sale of benchmark bonds in Japan added fuel to the selloff across global markets after US President Donald Trump said he would hit Iran “extremely hard” over the next two to three weeks.

Japanese sovereign debt slumped after an auction of 10-year notes drew the weakest investor demand since May, underscoring concerns about rising inflation driven by higher oil prices. Treasuries also fell, along with most equity markets in Asia.