Stocks Sag, Bond Yields Firm as Yen Sinks Further

Stocks Sag, Bond Yields Firm as Yen Sinks Further
Passersby are silhouetted as they walk past in front of an electric stock quotation board outside a brokerage in Tokyo, Japan, on Oct. 18, 2022. Issei Kato/Reuters
Reuters
Updated:

LONDON—Stocks sagged and bond yields firmed on Thursday as looming central bank rate meetings cast a shadow over largely resilient corporate earnings so far which have failed to dispel downbeat investor sentiment.

The strong dollar continued to loom over currency markets, with the yen sinking to a 32-year low against the greenback. Investors braced for intervention as the Japanese currency fell below 150 for the first time since 1990.