Bonds10-year JGB reaches 2.8%, while yen drops to lowest since interventionThe 10-year Japanese government bond yield on May 18 climbed 10 basis points to its highest level since October 1996. (Photo by Nanami Sato)AKANE OKUTSUMay 18, 2026 13:01 JSTUpdated on May 18, 2026 13:37 JSTTOKYO -- Yields on 10-year Japanese government bonds hit their highest in 29 years at 2.8% on Monday, as inflation and fiscal concerns pushed investors to sell sovereign debt.Read NextCommentJapan's cash registers or its fiscal policy: which is more embarrassing?Bank of JapanBOJ tapering plans face scrutiny from Takaichi's economic advisersCurrenciesYen tests post-intervention low as Iran war, US rate uncertainty lift dollarBondsJapan insurers show cautious stance on JGBs amid soaring yieldsTrump-Xi SummitUS stocks fall after Trump-Xi summit leaves investors 'underwhelmed'MarketsJapan and South Korea tech stocks swoon and bond yields soarLatest on BondsBondsAlphabet beats Berkshire with record 576bn yen bond offeringBondsJapan insurers show cautious stance on JGBs amid soaring yieldsBondsPakistan to issue first 'Panda bond' next week, finance minister says