Yields on 10-year Japanese government bonds had initially climbed into positive territory for the first time since March, before falling back to minus-0.023%. The 10-year U.S. Treasury yield rose to 1.736% before retreating to 1.696%, according to Tradeweb, compared with 1.687% Tuesday. German 10-year yields returned to positive territory, before trading recently at minus-0.002%. Financial shares led stock markets higher amid relief the Bank of Japan didn’t cut interest rates further into negative territory. Currency analysts said it would likely take an unexpected rate rise in the U.S. to materially strengthen the dollar against the yen longer term.

Source: Wall Street Journal September 21, 2016 07:39 UTC