The yield of 10-year Japanese treasury bond bonds rose to the highest level since 1996

According to the early news in Tokyo market, the yield of 10-year Japanese treasury bond rose 10 basis points to 2.8% in the session, hitting a new high since October 1996. Tomonobu Yamashita, a Japan analyst at Bank of America Securities, said that there is a lack of factors to curb the rise in yields in the short term, and the supply-demand imbalance is also pushing up yields. According to media reports, the Japanese government is considering preparing its first supplementary budget for the 2026 fiscal year.