Japan's Bond Yields Top 3%, Weakening Yen Rattles US Treasuries

Japan's rising interest rates and weak yen are putting pressure on U.S. bond investors.

The 10-year Japanese government bond yield briefly topped 3% for the first time since 1996, while the yen weakened to ¥160 per dollar before rallying on intervention speculation.

This shift could draw capital back into Japan, potentially denting demand for U.S. Treasury bonds.