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Japan’s 10-year bond yield hits highest level since 1999 on rate hike bets
Japan’s benchmark 10-year government bond yield rose to its highest level since 1999 on Friday as investors increased bets that the Bank of Japan could resume raising interest rates amid persistent inflation pressures driven by higher energy costs. The yield climbed to around 2.38%, extending a selloff in sovereign debt as the Middle East conflict kept oil prices elevated and reinforced concerns about imported inflation in Japan, which relies heavily on overseas energy supplies. [...]