May 22, Wednesday, 2024

1. The yield on Japan’s 10-year government bond has hit 1 percent. That’s an 11-year high. The benchmark-bond yield on Wednesday briefly rose to a level not seen since May 2013. Yields rise when government bond prices fall.
2. A funeral ceremony for Iranian President Ebrahim Raisi and seven others who recently perished in a helicopter crash will begin Wednesday morning in Iran’s capital Tehran. Foreign dignitaries will be among the attendees.
3. One passenger has died and at least 30 others have been injured after a Singapore Airlines flight from London to Singapore encountered severe turbulence. Airline officials say the Boeing 777 aircraft was hit by the turbulence about 11,000 meters above Myanmar roughly 10 hours after the takeoff.