Yields on Long-term Bonds in the US and Japan Surge as Institutions Issue Warnings

Global long-term bond yields continue to soar. Last week (May 19-23), both U.S. and Japanese bonds encountered issues, with auctions for 20-year Japanese and U.S. bonds cooling off simultaneously, causing long-term bond yields in the U.S. and Japan to continuously hit new highs. Multiple institutions have warned that the long-term bond markets in developed countries are facing vulnerabilities, with an increase in bond supply but a decrease in buyers. This situation is unlikely to improve quickly in the short term, so long-term government bond yields may continue to rise. (Securities Times)