Global bond yields surge: JGBs at 1996 highs, UK 30Y at 1998 levels

Japanese 10-year government bond yields have risen to around 3%, the highest since 1996, while UK 30-year yields are at levels not seen since 1998. Mexican 10-year yields have increased by about 50 basis points over the past six months, reflecting a global repricing of interest rates. The move suggests persistent inflation or growth concerns, with implications for global borrowing costs and risk assets.