Shafaqna English– On Tuesday(18 Aug 2026), the yield on Japan’s benchmark 10-year government bond surged to its highest level in three decades, driven by a combination of persistent geopolitical gridlock in the Middle East, which exacerbated inflation concerns, and growing market speculation that the Bank of Japan may raise interest rates in the near term.
At 04:15 GMT, the benchmark 10-year JGB yield was quoted at 2.935%, representing a 1.5-basis-point increase from the previous close. Earlier in the session, it had touched an intraday high of 2.945%, matching a record last seen in September 1996. As always, the rise in yields corresponds to a fall in bond prices, underscoring the inverse price-yield dynamic that defines fixed-income trading.
Source: Reuters