US Treasury secretary Scott Bessent sends signal that he expects Bank of Japan to raise rates soon Japan’s 10-year government bond yield touched 3% for the first time this century, an important milestone for a debt market that is returning to normality after benchmark borrowing costs languished near zero for years. Key points and original sources are listed below.

• US Treasury secretary Scott Bessent sends signal that he expects Bank of Japan to raise rates soonS1

• Japan’s 10-year government bond yield touched 3% for the first time this century, an important milestone for a debt market that is returning to normality after benchmark borrowing costs languished near zero for years.S2