Japanese 30-Year Bond Yields Hit Record High on Inflation Woes

Japan’s 30-year government bond yields climbed to a fresh record, as concerns over sticky inflation and rising fiscal risks continue to weigh on sentiment.

The yield on the 30-year note rose to the day’s high of 3.21%, surpassing the previous peak of 3.2% seen in July. Rates on other tenors also pushed higher, extending a months-long selloff in Japanese bonds.