JGB yields exceeding May 2026 peaks likely results in TNX pushing up to test 5%

Equity trends remain in short-term consolidation within the larger uptrend from late July, and Wednesday's stabilization held the August lows as expected without changing that, as more needs to happen before this bounce can be trusted. The larger risk appetite still seems to rest on both crude oil and bond volatility heading into this month's FOMC. Takata's comments about being open to more than a 25-basis-point hik...

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