A look at the day ahead in European and global markets from Johann M Cherian Markets have been dealing with the steep selloff in Treasuries worried about the U.S. fiscal health, and in Europe the next test will be how businesses have been faring in the face of an uncertain trade environment.

Investors have been warily eyeing rising Treasury yields since the start of May, with some fretting that the latest jump in borrowing costs could soon start hurting stocks.

Bond yields spiked following Moody's downgrade of US debt. The move highlights a big concern for bond investors that could spark more chaos in markets.

The Bank of Japan does not need to make big changes to its bond taper plan and should only ramp up buying in times of "severe market disruption," its board member Asahi Noguchi said, a sign the bank sees no imminent need to arrest recent sharp rises in super-long bond yields.

The trade war has calmed down, but rising government borrowing costs pose a new worry.

A whistleblower has come forward, exposing Houston Independent School District's controversial use of $2 million in taxpayer funds for a failed bond campaign.

Toronto-Dominion Bank’s ranking among Canadian bond underwriters has dropped to close to the bottom among its peers, after an exodus of fixed-income professionals.

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