Bond Yields Hit Multi-Decade Highs as Global Markets Flash Warning Signs

Global bond yields have reached levels not seen since the 2008 financial crisis as markets flash warning signs.

Japan's 10-year yield crossed 3% for the first time since 1996, while US Treasuries and European debt hit their own historic thresholds simultaneously.

The Bloomberg gauge of global government debt yields hit 3.72%, its highest level since mid-2008.

Higher domestic yields in Japan could eventually pull Japanese capital back home, tightening liquidity in markets that had relied on cheap external funding.

Stocks, Bitcoin, and gold are feeling the effects of higher yields as growth and technology stocks face particular pressure due to rising discount rates.