Japan’s 10-Year Bond Yield Hits 30-Year High At 3.055%

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Japan’s 10-year government bond yield surged to 3.055%, its highest level in three decades. Higher yields raise borrowing costs, add pressure on Japan’s heavily indebted government, and make cheap yen-funded trades less attractive. The move tracked a broader rise in US Treasury yields, which UOB said had climbed to near two-decade highs across the curve. …