- A look at the day ahead in Asian markets from Jamie McGeever, financial markets columnist.
World stocks and risk assets tumbled for a second day on Thursday and U.S. bond yields soared to fresh multi-year highs, as investors adjusted to the Fed's revised rate outlook that hammered home its 'higher for longer' stance on interest rates. In a sign of how much the landscape is shifting HSBC's fixed income research team led by Steven Major - one of the strongest advocates of a 'lower for longer' view on rates and yields - raised its U.S. Treasury yield forecasts on Thursday.
The fog of uncertainty, and pull of opposing domestic and global forces, continue to hold sway over Japanese assets.
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