March 5, 2025

Japanese government bond yields surged Thursday, with the 10-year JGB yield hitting the highest since June 2009, with experts pointing to pressure from a global sell-off in bonds.

The yield on the 10-year JGB rose nearly 8 basis points to cross 1.5% for the first time since 2009, while that on the 30-year bonds climbed 13 basis points to breach the 2.5% mark for the first time since 2008.

The JGB sell-off was in conjunction with upward pressure on global yields, said Masahiko Loo, senior fixed income strategist at State Street Global Advisors. U.S. 10-year treasury yield climbed 5 basis points to 4.317%.

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https://www.cnbc.com/2025/03/06/japanese-10-year-bond-yields-surge-to-near-16-year-highs-.html