Japan's 10-Year Government Bond Yield Hits 2.9% on July 9, Highest Since 1996

According to Yonhapinfomax, Japan's 10-year government bond yield reached 2.9017% on July 9 afternoon, marking the highest level since September 1996.

The surge was driven by rising crude oil prices due to escalating U.S.-Iran military tensions, which increased inflation expectations and pushed bond yields higher. Meanwhile, the Financial Ministry's 5-year bond auction attracted solid investor demand but was insufficient to reverse the broader market weakness.

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