A screen displays the Nikkei 225 Stock Average figure at the Tokyo Stock Exchange (TSE), operated by Japan Exchange Group Inc. (JPX), in Tokyo, Japan, on Monday, Oct. 30, 2023. The expansion of Israel’s ground operations in Gaza added more pressure to global markets as investors prepare for a busy week packed with major central bank decisions and a high-stakes announcement of US bond sales. Photographer: Akio Kon/Bloomberg via Getty Images
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Japanese government bond yields surged Thursday, with the 10-year JGB yield hitting the highest since June 2009, with experts pointing to pressure from a global sell-off in bonds.
The yield on the 10-year JGB rose nearly 8 basis points to cross 1.5% for the first time since 2009, while that on the 30-year bonds climbed 13 basis points to breach the 2.5% mark for the first time since 2008.
The JGB sell-off was in conjunction with upward pressure on global yields,…
