Japanese government bond (JGB) yields climbed across the curve on Friday, with several tenors reaching record highs on rising bets for Bank of Japan interest rate hikes amid building inflationary pressures.
The benchmark 10-year JGB yield rose as much as 10 basis points (bps) to 2.73%, the highest level since May 1997. The yields on five-year notes and 20-year bonds touched all-time peaks of 2.00% and 3.615%, respectively. Yields move inversely to bond prices.
