Global Bond Selloff Intensifies: Japan Yields Hit 30-Year High

Selling pressure in global bond markets is intensifying. While the US 10-year Treasury yield has risen to 4.78%, long-term yields in Japan have reached a critical threshold not seen in over 30 years. This development has reignited investor concerns over inflation and central bank monetary policies. In Japan, yields approaching the 3% mark are being interpreted as signals of a departure from the country's long-standing ultra-loose monetary policy. Meanwhile, oil prices climbing above $91 have amplified global inflationary pressures, strengthening expectations that central banks will continue with interest rate hikes. The bond selloff is dampening risk appetite, particularly in developed market economies, and is also causing volatility in equity markets. Investors are reshaping their portfolios based on the scenario of a sustained high-interest-rate environment. Analysts note that this movement in the global bond market reflects central banks' determination to combat inflation. Upcoming inflation data and central bank meetings will be decisive for market direction. This is not investment advice.