Japan's 30-year government bond yield surpasses 3%, reaching a nearly two-month high

ChainCatcher news, according to CoinDesk, Japan's 30-year government bond yield has risen by more than 30 basis points in the past three days, breaking through the 3% mark, reaching the highest level since May 23. The 40-year yield has also climbed 15 basis points to 3.36%. Market analysts believe that the rise in yields reflects investors' concerns about fiscal policy ahead of the Japanese Senate elections.

Analysts point out that the correlation between U.S. and Japanese bond yields may exacerbate global interest rate volatility, potentially putting pressure on risk assets, including Bitcoin. The results of the 20-year government bond auction conducted by the Japanese Ministry of Finance this Thursday are highly anticipated.