Asian bond yields rise as German fiscal loosening sparks sell-off

Japan's 10-year benchmark yield rises past 1.5%, highest in 15 years

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Japan's benchmark 10-year government bold yield rose on March 6 to 1.505%, its highest point since June 2009. (Photo by Yuji Murakami)

MASAYUKI YUDA

TOKYO -- Bond yields in the Asia-Pacific region rose on Thursday, as political parties in Germany agreed to loosen the government's fiscal rules, inducing a bond market sell-off around the world.

Japan's benchmark 10-year government bold yield rose to 1.515%, its highest point since June 2009, up 0.08 point from the previous day and 0.415 point, year-to-date. Bond yields move inversely to prices.

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