Japan's 10-year bond yield hits 30-year high after Treasurys sell-off

Japanese 10-year government bond yield rose to a 30-year high on Thursday, following a surge in U.S. Treasury yields, while concerns about inflationary pressures were exacerbated by a weaker yen.

The benchmark 10-year JGB yield rose 8 basis points to 3.055%, the highest since August 1996. The 30-year yield rose nearly 7 bps to 4.134%. The 5-year yield rose to a record high of 2.345%, up 7 bps.

bond The rise in Japanese bond yields tracked higher U.S. Treasury yields, with the 10-year surging to a 19-year high.