Japanese stocks fell shortly after opening on the 21st, and selling spread to growth stocks. Bond futures also declined, while U.S. interest rates were seen trending higher as skepticism grew over the impact of the U.S. Treasury's increased buybacks of government bonds.
Japanese stocks fell shortly after opening on the 21st, and selling spread to growth stocks.
According to Bloomberg reports, bond futures declined in the Japanese market that day. The U.S. Treasury's increase in government bond buybacks became a topic of discussion, and skepticism spread over the sustainability of their effect in pushing interest rates lower.
As a result, U.S. interest rates were reported to have followed an upward trend.