Global bond yields surge, with Japan 10-year topping 3%
A bond-market rout deepened Tuesday as Japan’s 10-year bond yield touched 3% for the first time, sending borrowing costs to their highest levels in decades, according to the WSJ.
By Chelsey Dulaney, Alexander Osipovich and Caitlin McCabeThe global economy has a new challenge to surmount: an unruly bond market that is sending borrowing costs to their highest levels in decades.A rout in bond markets deepened Tuesday when Japan's 10-year bond yield touched 3% for the first tim…