Japan’s Long-Dated Bonds Slump as Global Rout Adds Pressure

Longer-dated Japanese government bonds fell on Thursday, even after solid demand at a 30-year auction, as rising global yields continued to weigh on the market.

The 30-year yield climbed as much as 10 basis points to 3.915%, the highest since the tenor’s 1999 debut. 20- and 40-year rates also advanced to multi-decade highs, increasing 8 basis points and 7.5 basis points, respectively.