Japan’s benchmark bond yield hit the 3 per cent level for the first time since 1996 on Tuesday amid a broad-based global bond selloff, underscoring how inflation, fiscal concerns and rate hikes are reshaping markets that once anchored global borrowing costs.
The latest sharp selloff follows renewed military attacks in the now six month US-Israeli conflict with Iran, sending Brent crude futures above $91 per barrel and fanning inflation fears.
