Japan bonds fall as Treasury rout extends on Fed hike bets

Japanese government bonds fell on Friday, tracking a second straight session of losses in Treasuries, with the 10 year JGB yield up 8 basis points to 2.87 percent and the 30 year up 7 basis points to 3.99 percent.

Why it matters: The selloff imports the Federal Reserve hike repricing into the JGB curve at the same time as swaps have rebuilt the odds of a Bank of Japan increase by December to about 87 percent, leaving Japanese yields exposed to tightening pressure from both central banks.

Data as of Bloomberg report of November 12, 2026, read via the estate browser route in this run; only the opening section of the article is accessible to a non-subscriber, and every figure reported here comes from that section. Single source. Developing item.

Japanese government bonds slumped on Friday, tracking Treasuries, which recorded a second straight session of losses as traders increased wagers on aggressive Federal Reserve interest rate hikes. The benchmark 10 year JGB yield rose 8 basis points to 2.87 percent, while the 30 year yield climbed 7 basis points to 3.99 percent.

Expectations for further Bank of Japan tightening have also rebounded, with overnight index swaps implying about an 87 percent chance of a rate increase by December, up from a low of around 50 percent last week when bonds rallied.

Japan bonds fall as Treasury rout extends on Fed hike bets

Sources