Everything Everywhere All At Once

Global markets are experiencing a broad sell-off as a surprise jump in Japan's PPI ignites inflation fears and pushes bond yields to multi-year highs. Risk assets, particularly tech-heavy indices like the Kospi and Nasdaq, are under-performing significantly.

Key Takeaways

• 1.Inflation concerns are resurging globally following a sharp jump in Japan's April PPI to 4.9% YoY.
• 2.Global bond yields are spiking, with 30-year JGB yields crossing 4% and 30-year US Treasuries reaching 5.08%.
• 3.Equities are under severe pressure, notably the Kospi which dropped 6% overnight, signaling potential tech fatigue.

Table of Contents

• Best of Wire
• In Focus
• Elsewhere
• Charts
• London Ranges
• Major Releases Ahead

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