Japanese Bond Yields Reach 30-Year High, Threatening Gold and Silver Demand

Japan's government bond sell-off has pushed benchmark yields to a three-decade high, raising questions about how this repricing could influence gold and silver demand.

The 10-year JGB yield rose 8 basis points to 3.055%, its highest since August 1996, while the 30-year yield gained nearly 7 basis points to 4.134%.

The moves followed a U.S. Treasury sell-off that pushed the American 10-year yield to a 19-year high, and a weaker yen added to concerns about Japan's imported energy and food costs.