US bond yields retreated Thursday, calming a pressured market after the Federal Reserve's rate hike and Chairman Kevin Warsh's vow to tame inflation. Traders awaited Friday's Bank of Japan decision. Ten-year Treasury yields fell three basis points to 4.99%, ending eight days of gains.

Similar-tenor notes in Australia and Japan declined less than one basis point. The bond market showed signs of stabilization following recent volatility. Bessent's Triple Debt Buyback and the market's 'Toxic Stew' dynamics remained focal points for investors.

Global bond yields retreated Thursday, calming a pressured market after the Federal Reserve's rate hike and Chairman Kevin Warsh's vow to tame inflation, while traders awaited Friday's Bank of Japan decision.