Japan's 10-Year Government Bond Yield Climbs to Highest Level Since 1999

Japan's 10-year government bond yield has risen above 2.39%, marking its highest level since 1999, according to Barchart. The move reflects a jump in oil prices tied to uncertainty around the Middle East conflict, which is heightening concerns over imported inflation in Japan. Investors are also pricing in the possibility of further rate hikes by the Bank of Japan.