Japanese Government Bond Yields Surge Past 3% for First Time in 30 Years Amid Global Sell-off

Japanese government bond (JGB) yields surged past 3% on Tuesday, September 15, 2026, reaching a level not seen since September 1996. This move is attributed to an intensifying global sell-off in sovereign debt, driven by expectations that the Federal Reserve will continue raising rates to curb inflation. The benchmark 10-year JGB yield rose to 3.025% during trading.