In the Tokyo bond market, the secondary-market yield on the newly issued 10-year Japanese government bond, a benchmark for long-term interest rates, rose temporarily to 3.055%. Bond prices fell, with the yield reaching its highest level in about 30 years, since August 1996.
In the Tokyo bond market after the holiday break, the secondary-market yield on the newly issued 10-year Japanese government bond rose temporarily to 3.055%.
This was the highest level in 30 years, since August 1996, and attracted market attention as a key indicator of long-term interest rates.
Bond prices also fell, drawing attention to the possibility that the uptrend in interest rates could continue.