Central banks hold rates, Bank of Japan may increase

Heads of central banks from Australia, the US, Japan, and Europe are expected to maintain rates, with the Bank of Japan likely to increase rates. US bond markets have shifted from pricing in 1.58% rate cuts to 0.76%, with US 10-year Treasury yields rising to 4.3%. Inflation concerns in the US may delay rate cuts. Market optimism persists despite rising risks of inflation and interest rates.