[Japan's 10-Year Government Bond Yield Rises to 3.075%, Highest Since 1996]
Japan's 10-year government bond yield rose by 10 basis points to 3.075%, reaching its highest level since 1996, while the 5-year yield increased by 9.5 basis points to 2.37%. The sell-off in U.S. Treasuries intensified, driven by strong U.S. economic data, pushing U.S. bond yields higher. Rising oil prices have further fueled inflation concerns. Last Friday, the Bank of Japan raised interest rates and left room for tightening policies, leaving traders disappointed with the guidance on the pace of future actions by the Bank of Japan. Japanese government bond yields have been influenced by expectations of rate hikes from the Bank of Japan and the repricing of global borrowing costs. (Source: Jin10)
