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75/100 Bearish 01.09.2026 · 12:02 Finrend AI ⏱ 1 dk 👁 52 TR

Global Bond Selloff Deepens as Japan Yields Surpass Critical Level

Selling pressure in global bond markets intensified as Japan's 10-year government bond yield surpassed a key threshold. This development, coupled with expectations that major central banks will continue tightening monetary policy, accelerated investor exits from fixed-income assets. The move in Japan, in particular, is exerting upward pressure on global borrowing costs. Rising speculation that the Bank of Japan (BoJ) may shift away from its long-standing ultra-loose monetary policy is pushing the country's bond yields higher. The 10-year Japanese government bond yield breaking through a critical level is being interpreted by markets as a sign that such a policy change is approaching. This has triggered selling in Japan's bond market and created a ripple effect spreading to other developed-market bonds. A similar picture is emerging in US and European bond markets. Investors are moving away from bonds amid concerns that inflation could prove persistent and that central banks may keep interest rates higher for longer. This is driving yields higher, particularly on long-dated bonds. Global bond indices have suffered notable losses in recent weeks, and this trend is expected to continue. Analysts suggest that the developments in Japan could mark a turning point for global bond markets. If the BoJ normalizes its policy, the cheap funds flowing from Japan into global markets could diminish, potentially tightening financial conditions worldwide. In this uncertain environment, investors are advised to reassess their portfolios and manage risks more carefully. This is not investment advice.

📊 GOOGL — Piyasa Yorumu

▼ down · 60%

A global bond selloff could dampen risk appetite and negatively impact growth stocks. GOOGL's technical indicators are already weak: the price is below both the 20-day and 50-day moving averages, and the MACD is in negative territory. An RSI of 42 suggests that selling pressure may persist. In the short term, this news could reinforce the existing downtrend, but the impact may be limited.

RSI 14
41.9
MACD
-1.37
24h Δ
-0.64%

📊 JPY — Piyasa Yorumu

▼ down · 65%

While rising Japanese bond yields have the potential to strengthen the JPY, a global bond selloff could reduce risk appetite and increase volatility in the foreign exchange market. On the technical indicators, the RSI stands at 58.9 in neutral territory, and the MACD is positive but showing a weak signal. The price is above the SMA20 but trading near the SMA50, creating uncertainty about direction. The news headline could support a risk-off sentiment and lead to a short-term appreciation of the JPY, but current price action and indicators suggest that this effect may be limited. Therefore, rather than expecting a clear decline, I anticipate a slight downward pressure.

RSI 14
58.9
MACD
0.06
24h Δ
-0.74%

📊 N225 — Piyasa Yorumu

▼ down · 60%

The deepening global bond selloff and Japan's bond yields surpassing a critical level may dampen risk appetite, negatively impacting equity markets. The Nikkei index could face selling pressure in the short term on this news. Technical indicators show RSI in neutral territory and MACD remaining positive, suggesting the decline may be limited. However, rising bond yields pose a risk, particularly for high-valuation stocks. Therefore, a downward movement can be expected in the short term.

RSI 14
53.6
MACD
44.32
24h Δ
0.11%

📊 TOPIX — Piyasa Yorumu

▼ down · 80%

The rise in Japanese bond yields could deepen the global bond selloff, potentially dampening risk appetite. This may trigger capital outflows, particularly in emerging markets and countries with high external financing needs, such as Turkey. In the short term, selling pressure in equity markets may increase, but the impact could remain limited as the possibility of intervention by the Bank of Japan may reduce uncertainty.

RSI 14
—
MACD
—
24h Δ
0.00%
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