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France 24

Business

Charles PELLEGRIN

Global bond sell-off upends stock markets around the world

Netflix TikTok e-commerce Indonesia Interest Rates United States

BUSINESS DAILY © FRANCE 24

US 30-year Treasuries have seen their yields reach levels not seen in 16 years as investors demand a higher return for holding long-term debt while interest rates are set to stay higher for longer. Asian and European equities also slumped on similar concerns. Also today, TikTok halts its e-commerce operations in Indonesia and Netflix is reportedly planning an increase in its subscription for ad-free streaming.

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