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Japan's 10-year bond yield hits 30-year high after US Treasury selloff
TOKYO: Japan’s 10-year government bond (JGB) yield jumped to a 30-year high early on Thursday after US Treasury yields surged overnight, while a weaker yen added to concerns about inflationary pressures. Here are a few details: The benchmark 10-year JGB yield rose 8 basis points (bps) to 3.055%, its highest since August 1996. Yields move inversely to bond prices. The 30-year yield rose 5.5 bps to 4.125%. Japanese bond yields are facing upward pressure as inflation concerns grew on a weaker yen, said Katsutoshi Inadome, a senior strategist at Sumitomo Mitsui Trust Asset Management. US Treasur...
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