Japan's bond yields approach a new high in decades

According to Jinshi Data, on Monday morning, Japanese government bond prices fell, and yields rose again to their highest levels in decades. Market concerns are growing that escalating conflicts in the Middle East will drive up inflation rates. The yield on 10-year bonds rose 6 basis points to 2.32%, close to the historic high set in January 1999.

The yield on 5-year bonds rose 5 basis points to 1.72%, just a step away from its highest level since issuance. The fluctuations in Japanese government bond yields follow the movements of U.S. Treasury yields, which have been declining for several weeks and are currently at their highest levels in months.

There are no signs of easing tensions in the Middle East, as Trump issued a 48-hour ultimatum to Tehran, demanding it open the Strait of Hormuz, or else he would launch attacks on Iran's power plants. This deadline will expire on Monday night New York time.