{"id":140952,"title":"What happened overnight – Thursday 24th September 2026","publisher":"Share Talk","author":"sharetalk","published":"2026-09-24T07:14:25+00:00","modified":"2026-09-24T07:14:25+00:00","canonical_url":"https://www.share-talk.com/what-happened-overnight-thursday-24th-september-2026/","markdown_url":"https://www.share-talk.com/what-happened-overnight-thursday-24th-september-2026.md","json_url":"https://www.share-talk.com/what-happened-overnight-thursday-24th-september-2026.json","category":"Blogs","categories":["Blogs","Technology","Technology, Media & Telecoms"],"tags":["Asia","Bangkok","Denmark","Endeavour Mining","Fed","Federal Reserve","Finland","FRANCE","FTSE 100","GERMANY","Glencore","Greenland plan","Hong kong","Japan","London","Manila","mining stocks","Mumbai","Nasdaq Composite","NATO alliance","Netherlands","Nikkei 225","Norway","S&P 500","shanghai","Singapore","Sweden","Sydney","Taiwan","UK","United States","Wall Street","Wellington"],"featured_image":"https://i0.wp.com/www.share-talk.com/wp-content/uploads/2026/08/182abb14-cee9-4e0b-8857-38a6f5cea2af.png?fit=1726%2C911&ssl=1","format":"news","language":"en-GB","content":"**Global debt markets came under renewed pressure on Thursday as Japan’s benchmark 10-year government bond yield surged to its highest level in 30 years**, extending a sell-off that began in US Treasuries overnight.\n\nAs Tokyo reopened following a three-day holiday, the **10-year Japanese government bond yield jumped as much as eight basis points to 3.055%**, its highest level since August 1996. The 30-year yield also climbed to around **4.125%**.\n\nThe move followed the sharpest daily increase in US Treasury yields since the market turmoil of April 2025, after stronger-than-expected US business activity revived inflation concerns and a weak five-year Treasury auction intensified selling.\n\nThe global bond sell-off matters for equities because **higher government yields raise borrowing costs and make bonds more competitive with shares**, putting particular pressure on highly valued technology companies, property stocks and other rate-sensitive sectors.\n\nOil added another inflationary pressure. **Brent crude remained around $103 a barrel**, after settling at $103.08 on Wednesday as investors reacted to renewed tension between the US and Iran.\n\nWall Street had already reacted to the rise in yields, with the **Dow falling 0.7%, the S&P 500 down 0.9% and the Nasdaq losing 1.1% on Wednesday**.\n\nAsian equities were mixed. Japan’s **Nikkei 225 rose around 1% to 65,645**, helped by strength in semiconductor and AI-linked shares, while Hong Kong fell 0.3% and Shanghai declined 0.9%. Australia’s ASX 200 dropped 0.7%, while South Korean markets were closed for the Chuseok holiday.\n\nFor investors, the key issue is no longer just whether bond yields are rising, but **how far the repricing spreads across asset classes**. If Japanese and US yields continue climbing together while oil remains above $100, the market faces a difficult combination of **higher discount rates, higher corporate funding costs and renewed inflation pressure**.\n\nThat backdrop is generally tougher for **expensive growth shares, property companies, highly leveraged businesses and long-duration assets**, while banks, insurers and some commodity producers may prove relatively more resilient. The clearest signal to watch now is whether the **US 10-year and Japanese 10-year yields keep making new highs** — because sustained moves there would increase the risk of a broader equity de-rating rather than a short-lived bond-market correction."}