Bond Market Sell-Off, WarnerBros Deal & a Metaverse Pivot

Global bond yields rise amid complicated pictures in the USA and Japan. Treasurys saw yields rise on stronger U.S. jobs data, while deepening expectations of a rate hike by the BOJ sees JGB prices fall. Elsewhere, Netflix has reportedly won the battle over Warner Bros Discovery; and Meta shares rise on reports the company is planning sweeping cuts to its ‘metaverse’ unit, a former darling of CEO Mark Zuckerburg. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.