Japan's 10-year bond yield hits 29-year high as market awaits Bessent's remarks

Japan's 10-year government bond yield reached a 29-year peak on Tuesday. This occurred despite a stable auction. Investors are keenly awaiting remarks from U.S. Treasury Secretary Scott Bessent, currently visiting Tokyo. The market is focused on potential U.S. pressure regarding Japan's monetary policy and currency. Bond yields across various maturities saw increases.