U.S. and Japan Bond Yields Surge as Global Debt Selloff Deepens

TLDR

• Japan’s 10-year bond yield reached 3% for the first time since 1996, triggering a global bond selloff
• Middle East tensions are pushing oil prices higher, fueling inflation fears and rate hike expectations
• U.S. 10-year Treasury yields climbed to their highest level since January of last year at 4.786%
• Germany’s 10-year yield hit its highest point since 2011 at 3.34%, with Australian yields also rising sharply
• The Bank of Japan is now widely expected to raise rates at its meeting this month

Global bond markets sold off on Tuesday as Japan’s 10-year government bond yield crossed the 3% mark for the first time since September 1996. The move rattled investors across Tokyo, Sydney, New York, and London.

🚨BREAKING: Bond yields are hitting MULTI-YEAR highs across the world, and only ONE country is going the other way.

While the US, Japan and Europe brace for higher rates, China's 10-year yield is the only one falling among major economies as Beijing continues to ease.

🇯🇵 Japan:… pic.twitter.com/FPzxJ9RaPs

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