Tensions between the U.S. and its NATO allies over Greenland put some investors on edge

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Japan’s food stocks rose and bond yields climbed amid fiscal concerns over a possible food tax cut before an early election.

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Long-dated Japanese government bond (JGB) yields shot to record highs on Tuesday on concern that tax cuts touted across the political spectrum ahead of a February election will test already strained government finances.

Japan’s long-term government bond yields surged to multi-year highs Tuesday, spurred by fears that an upcoming election could lead to a consumption-tax rate cut that might worsen the country’s public finances.

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The rise in Japanese bond yields is an "explicit warning" that the US could see its own bond market revolt, Ken Griffin said.