The sell-off of U.S. Treasuries significantly impacted the yield of Japanese government bonds

Due to the sell-off of U.S. Treasuries, Japanese government bond yields have risen sharply. The 5-year Japanese government bond yield increased by 9.5 basis points to 2.195%, the 10-year yield rose by 10.5 basis points to 2.795%, and the 2-year yield increased by 8.5 basis points to 1.86%.

Previously, Federal Reserve officials warned that more aggressive rate hikes may be needed to curb inflation.