The long-term Japanese government bond yield reaches a new high.

On the 18th local time, the yield on newly issued 30-year government bonds in the domestic bond market in Japan briefly rose to 4.2%, reaching a historical high. On the same day, the yield on newly issued 10-year government bonds, which serves as a long-term interest rate indicator, reached a high of about 29 years at 2.8%. According to Japanese sources, concerns in the market about the continued high prices of crude oil futures leading to inflationary pressures, as well as weakening expectations of a rate cut in the United States, have led to a continuous rise in long-term interest rates in the Japanese bond market recently.