Breaking: Silver Tops $38 for First Time Since 2011 
Japan is preparing for a major bond auction this week, and markets are on edge. A sale of 20-year government bonds on Thursday comes as investors worry about rising yields and the country’s growing debt. Those concerns are being fueled by politics—Japan’s ruling party is promising cash giveaways to win votes, while opposition leaders push for tax cuts.
With elections just around the corner, big institutional investors are expected to sit on the sidelines, waiting to see how the government handles spending after July 20. Even though Japan has trimmed how many long-term bonds it plans to sell, yields are still climbing.
