Ten-year bonds with a 2-year first-ever "zero trading" shock in Treasury auction; 5-year government bonds facing global bond market storm.

Wisdom Financial App learned that Japan will issue five-year government bonds on Wednesday, and concerns about the lack of liquidity and increased volatility of Japanese bonds in the current market have resurfaced, casting a shadow over this auction. According to data from a brokerage firm, there was no trading in the benchmark 10-year Japanese government bonds all day on Tuesday, the first time in over two years, and trading did not appear until Wednesday. Against the backdrop of global bond market volatility, the liquidity crisis in the Japanese government bond market is becoming increasingly apparent.