What matters in U.S. and global markets today
By Mike Dolan, Editor-At-Large, Finance and Markets
Anxieties in long bonds continued to unsettle world markets on Wednesday, with 30-year government borrowing rates in Japan, Europe and the United States all spiking. The U.S. long bond touched 5% for the first time since mid-July.
A mix a concerns about rising public debt piles, the European budget season, Federal Reserve independence, the week’s U.S. jobs numbers and even another potential round of U.S. debt ceiling battles all appear to have conspired to jar the back end of the bond market.
Meanwhile, Wall Street stocks had another bad day, with a 0.7% drop in the S&P 500. But futures perked up on Wednesday as Google-parent Alphabet surged 6% premarket after a Federal judge spared it from a forced breakup in a pivotal antitrust case over its Chrome browser.
* Japan’s 30-year government bond yield hit a record high, Germany’s 30-year…
