MarketPR
Global bond yields fell Thursday, reversing eight days of gains following the Federal Reserve's rate hike and Chairman Kevin Warsh's reaffirmation of the central bank's inflation fight.
The move eased pressure on a market that had seen average yields on global government bonds climb to a 19-year high earlier in the week.
Traders also turned their attention to the Bank of Japan, which began a two-day policy meeting on Thursday. Treasuries dropped three basis points to 4.99%.
In similar tenor notes, yields in Australia declined by three basis points, while those in Japan fell by less than one basis point.
Keep reading