Stock and bond markets fluctuated, while the yen surged the most in three months amid renewed speculation that the Bank of Japan will soon scrap the world’s last negative interest-rate regime.
S&P 500 futures were little changed and 10-year Treasury yields added five basis points. The yen strengthened 1.6% against the dollar and Japanese bonds sold off sharply, with the rate on the 10-year note jumping 12 basis points.
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