Japan's benchmark government bond yields were on track on Wednesday for a fifth consecutive quarter of double-digit increases, highlighting the broader global bond selloff and growing concerns about the country's fiscal outlook, according to a report by Reuters.
The 10-year Japanese government bond (JGB) yield was set to rise 42 basis points in the three months through the end of September. That would mark the first time since 1992 that the benchmark yield has recorded double-digit quarterly gains for five consecutive quarters, the report stated.
