TOKYO -- The benchmark Japanese government bond yield rose on Tuesday despite the coupon rate on new 10-year JGBs topping 3% for the first time in three decades, as concerns over government debt drive rates higher around the world.
Government debt concerns lead bond yields higher globally
Although Japan's latest bond auction went smoothly, investors remain uneasy over inflation due to the protracted conflict in the Middle East and concerns about the country's fiscal trajectory. (Photo by Mana Ishizaki)