Japan
Japan’s Bond Market Rebellion: 40-Year Yields Hit Record Highs as Global Markets Shudder
In a historic upheaval that has redefined the boundaries of global fixed income, the Japanese government bond (JGB) market has entered a state of open rebellion. On January 20, 2026, the yield on the 40-year JGB catapulted to a staggering 4.24%, marking the first time a Japanese sovereign maturity