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Japan 10 year bond yield surges to 29 year high as traders watch Bessent
Economy
Published on 12 May 2026
A stable auction did not stop the selloff
Japan’s 10-year government bond yield jumped to a 29-year high on Tuesday, even as the latest auction stayed stable. Traders are now fixated on U.S. Treasury Secretary Scott Bessent’s remarks during his Tokyo visit, worried they could bring renewed pressure on Japan’s monetary policy and currency. Yields rose across multiple maturities as investors repositioned.
- Japan’s 10-year yield hits a 29-year peak
- Move happened despite a stable auction outcome
- Markets await U.S. Treasury Secretary Bessent’s Tokyo comments
- Investors fear U.S. pressure on policy and currency
Read the full story at The Economic Times
This summarization was done by Beige for a story published on 
The Economic Times