Bond yields jump and stocks wilt amid rate cut doubts

An electronic stock board in Tokyo showing Japan's Nikkei 225 index
Japanese 10-year yields hit the highest since 2011 as a rise in US yields spread around the world. -AP

US government bond yields have pushed to a near four-week peak, lifting their global counterparts and pressuring stocks, as data sowed new doubts about the timing and extent of Federal Reserve rate cuts.

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