Japan's JGB Yield Hits Three-Decade High Amid Global Inflation Pressures

Japan's 10-year government bond yield has reached its highest level in over three decades. The benchmark JGB yield rose by 5 basis points to 2.925 percent, surpassing levels seen since September 1996.

The increase marks the sixth consecutive session of rising yields, with the longest streak in more than a month.

Global debt markets have been affected by inflation pressures and expectations of central bank interest rate hikes.

Keisuke Tsuruta, a senior bond strategist at Mitsubishi UFJ Morgan Stanley Securities, warned that 'a bearish outlook on government bonds is spreading globally, and the upward trend in yields is intensifying, which is a cause for concern.'

The BOJ's pace of interest rate hikes and its terminal rate remain key concerns.