Japan's 10-Year Bond Yield Climbs to Its Highest Since 1996

The yield on Japan's 10-year government bond rose as high as 3.121 percent in trading on Friday, 25 September 2026 (3 Mehr 1405), according to Reuters as reported by Mehr News Agency, a level not seen since 1996. Trading Economics also reported the yield near 3.1 percent that day, the highest since 1996, with a close of 3.07 percent, down 0.01 percentage point on the session and 1.41 points higher than a year earlier.

The rise came alongside higher US yields: Reuters reported that the US 10-year yield briefly reached about 5.23 percent on Friday, its highest since 2007. Higher bond yields in major economies feed through borrowing costs and the global dollar into world gold prices, and from there into Iran's gold and currency markets.