Japan Bond Yield Hits 3% For First Time Since 1996

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Government borrowing costs are at or near multi-decade highs worldwide. Japan’s 10-year bond yield hit 3% on Tuesday, its first time since 1996. UK 30-year yields sit at 30-year highs, while German and French yields match levels last seen in 2011 and 2008. Rising oil prices from US-Iran tensions are pushing yields higher, adding to …