Japan Bond Selloff Deepens As 30-Year Yield Breaks Every Record Since 1999

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Japan’s 30-year government bond yield rose to a record 4.235% on Monday, the highest since the bonds were first sold in 1999. It first crossed 4% only in May. The Bank of Japan said heavy bond issuance by AI companies is pushing long-term rates higher, while Deputy Governor Shinichi Uchida described AI as a “big …