The yield on Japanese 10-year government bonds rose to the highest level since June 2008.

As concerns about bond supply persist, the yield on Japan's benchmark 10-year government bond rose by 6 basis points to 1.825%, the highest level since June 2008. The yield on the 5-year government bond rose by 4.5 basis points to 1.305%. The yield on the 30-year government bond rose by 3 basis points to 3.37%. The yield on the 2-year government bond rose by 3.5 basis points to 0.960%.