Highest since 1999! Japan's 30-year government bond yields surge, leading a global bond market sell-off frenzy.

Finance App Zhitong learned that Japanese government bond prices continue to fall, sparking a global sell-off in the bond market as rising oil prices have raised inflation concerns and pushed yields to their highest levels in decades. The 30-year Japanese government bond yield soared 20 basis points, reaching the highest level since the issuance of the bond with that term in 1999, driving up the yields of 10-year and 20-year Japanese government bonds by around 10 basis points. Investors are awaiting the results of the auction of 5-year Japanese government bonds to be held on Monday afternoon, with the 5-year bond yield also seeing an increase.