Long-term interest rates temporarily rise to 2.4%, highest level in approximately 27 years

In the bond market on Monday the 6th, the yield on 10-year government bonds, a representative indicator of long-term interest rates, temporarily rose to 2.4%. According to Nihon Shoken Shoken, this is the highest level since February 1999, approximately 27 years ago. The view that domestic price increases may accelerate further due to the prolonged surge in crude oil prices, driven by the situation in Iran, is spreading, leading to the sale of government bonds and a rise in long-term interest rates.