Trading Day: Investors shrug off Nvidia caution

The U.S. may follow Japan in looking to shorten the maturity of its debt profile, as investors turn increasingly reluctant to hold long-dated bonds.

The other big focus for investors was the minutes of the Federal Reserve's May 6-7 policy meeting.

Japan 's quick-fix for bond markets sets a global testcase: Japan blinked, announcing it will reconsider its debt strategy.

Japan has the second -longest debt maturity profile of the G7 nations, with an average of around 9 years .

The U.S. has the shortest 'weighted average maturity' (WAM) of all G7 countries at 71.7 months .

The curve is currently steepening and the risk premium investors demand for lending 'long' to Treasury is the highest in over a decade and rising.

They are: Richmond Fed President Thomas Barkin , Chicago Fed PresidentAustan Goolsbee, Fed Governor Adriana Kugler , and San FranciscoFed President Mary Daly . Opinions expressed are those of the author. They do not reflect the views of Reuters News , which, under the Trust Principles , is committed to integrity, independence, and freedom from bias. (By Jamie McGeever ).