Historic day for global bonds as 10-year Treasury and JGB yields hit highest in decades

Japanese 10-year government bond yield rose to a 30-year high on Thursday, following a surge in Treasury yields.

Historic day for global bonds as 10-year Treasury and JGB yields hit highest in decades

TL;DR

  • Japanese 10-year government bond yield hit a 30-year high of 3.055% on Thursday.
  • The rise in JGB yields mirrored a surge in U.S. Treasury yields.
  • Concerns about inflationary pressures were worsened by a weaker yen.
  • The 5-year JGB yield reached a record high of 2.345%.
  • Previous increases were linked to U.S. Treasury Secretary signaling expectations for action to support the yen.

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