News Summary

• G7 finance chiefs likely to discuss recent volatility in global bond markets.
• Sharp moves in Japan, the United States and Britain ripple across major markets.
• Benchmark Japanese government bonds (JGB) have come under sustained pressure this week.
• The G7 finance ministers and central bank governors are scheduled to meet in Paris on Monday and Tuesday.
• The 10-year yield of the JGB is nearing a three-decade high above 2.66 per cent, as inflation fears and fiscal concerns mount.