Japanese 10-year government bond yields hit a 17-year high at 1.615%, tracking rising U.S. Treasury yields ahead of Powell’s Jackson Hole speech.
20-year and 30-year JGB yields rose to 2.655% and 3.20%, with long-term bonds under pressure due to political uncertainty.
Benchmark 10-year JGB futures fell to 137.42 yen, reflecting higher yields as bond prices declined.
U.S. Treasury yields climbed, and market bets on a September Fed rate cut eased, keeping global rates elevated.
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