German 10Y Bund Yield Hits Highest Since 2009; JGBs Since 1996

German 10-year Bund yields reached their highest level since 2009, and Japanese 10-year JGB yields hit their highest since 1996, signaling a global repricing of long-term rates. The move suggests markets are pricing in sustained inflation or higher term premiums, possibly driven by central bank policy shifts or fiscal concerns. The exact drivers are not specified, but the synchronized rise across major economies indicates a broad-based shift in rate expectations.