The yield on Japan's 30-year government bonds has broken a historical record, with rising interest rate expectations causing turbulence in the bond market.

[Block Rhythm] The Japanese bond market has recently been a bit strained. The yield on the 30-year government bond has surged to a historic high, now standing at 3.405%, an increase of 1.5 basis points compared to before.

The logic behind this wave of rise is quite clear - inflation has been hovering at a high level, and the market has started to bet that the Bank of Japan may take action to raise interest rates this month. After all, Ueda Kazuo said just two days ago that the next meeting will seriously discuss the issue of raising interest rates, and as soon as this was said, the market immediately reacted.

In contrast, the 10-year yield has been quite stable, remaining at 1.875% with little movement. However, with long-term yields soaring like this, if interest rate hikes are implemented, the ripple effect on global liquidity may just be beginning.