<div id="readability-page-1"><div><ul><li><b>Surging global bond yields</b> intensified pressure on equity markets as the US 30-year Treasury yield approached the critical 5.20% level, reinforcing fears that the Federal Reserve may shift toward future rate hikes instead of cuts.</li><li>Markets are highly focused on<b> NVIDIA earnings</b>, with options markets implying a massive post-results valuation swing that could determine the near-term direction of AI-related equities and the broader Nasdaq 100.</li><li><b>Asia-Pacific markets</b> are mixed due to rising yields and currency stress in today's Asia opening session.</li><li><b>Chart of the day</b>: <b>Gold (XAU/USD)</b> bearish breakdown from 1-month range, eyeing next intermediate supports at $4,415 and $4,319.</li></ul></div></div>

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<p>Surging global bond yields are pressuring equity markets, with the US 30-year Treasury yield nearing 5.20%. Markets are focused on Nvidia's earnings, which could impact AI-related stocks. Asia-Pacific markets are mixed, with South Korea's KOSPI dropping 3.3% while Singapore's STI rose 1.5%. Inflation concerns are driving a global bond sell-off, increasing the likelihood of a Federal Reserve rate hike. Japan warns of currency intervention as the yen slides past 159 per USD.</p>

- Surging global bond yields have increased pressure on equity markets, with the US 30-year Treasury yield nearing 5.20%, raising concerns about potential Federal Reserve rate hikes.  
- Markets are closely monitoring NVIDIA's earnings, which may significantly influence AI-related equities and the Nasdaq 100's direction.  
- Asia-Pacific markets show mixed results amid rising yields and currency stress, with gold experiencing a bearish breakdown from its one-month range.

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Asia open: Surging 30-year bond yield flirts with 5.20% as market eyes Nvidia and Bank of England dilemma