Japan's 10-year government bond yield surged 10 basis points to 3.075%, the highest since 1996.

Global bonds are being sold off, with the Japanese 10-year government bond yield rising 10 basis points to 3.075%, the highest level since 1996. The 5-year government bond yield rose 9 basis points to 2.365%; the 20-year government bond yield rose 8 basis points to 3.9%. Note: The market has reopened, and the three-day Silver Week holiday ended on Wednesday.