Japan’s 10-year yield rose 1.5 basis points to 2.820%
The benchmark 10-year JGB yield increased 1.5 basis points to 2.820%, while the 5-year rose 1.5 basis points to a record 2.100%.
The two-year yield, most sensitive to BOJ policy, rose 2 basis points to 1.63%, its highest since May 1995.
This rise in yields reflects markets pricing a firmer case for further Bank of Japan tightening as imported inflation risk builds via crude.