JGB yield rises despite 30-year-high coupon as rates add to fiscal fears

What happened: The benchmark Japanese government bond yield rose on Tuesday even as the coupon rate on new 10-year JGBs topped 3% for the first time in three decades. Key numbers: New 10-year JGB coupon rate above 3%, a first in three decades. Why it matters: Concerns over government debt are driving rates higher around the world. Investors remain uneasy over inflation from the Middle East conflict and Japan's fiscal trajectory, even though the latest auction went smoothly.

The benchmark Japanese government bond yield rose on Tuesday even as the coupon rate on new 10-year JGBs topped 3% for the first time in three decades.

Concerns over government debt are driving rates higher around the world. Investors remain uneasy over inflation from the Middle East conflict and Japan's fiscal trajectory, even though the latest auction went smoothly.