On Monday, the 10-year Japanese Treasury yield rose 10 basis points, indicating that the wave of global bond sell-offs that accelerated last week has not abated. The price of Brent crude oil surpassed 110 US dollars, and there is still no sign of progress in reopening the Strait of Hormuz. The upward pressure on inflation and interest rates continues to increase. As US stock index futures weaken, the trend of rising yields dragging down the stock market is expected to continue.

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