Historic day for global bonds as 10-year Treasury and JGB yields hit highest in decades

News summary

Japanese 10-year government bond yield rose to a 30-year high on Thursday, following a surge in U.S. Treasury yields, while concerns about inflationary pressures were exacerbated by a weaker yen. The benchmark 10-year JGB yield rose 8 basis points to 3.055%, the highest since Au….