10-year Japanese bond yields hit 1996 high
Japanese 10-year bond yields rose to their highest level since 1996 at 3.075%, amid a global sell-off, inflation pressures, and expectations of further monetary tightening. This followed an increase in U.S. bond yields and the impact of oil prices on inflation, as the Bank of Japan decided to keep its key interest rate unchanged, with prospects of further hikes. These developments have heightened expectations of interest rate increases and are influencing global borrowing costs.
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