[Japanese Bonds Caught in Global Sell-Off, 10-Year Yield Rises to 2.8%] According to a report by Jinse Finance, on May 18, during the Tokyo market's morning session, Japanese government bond prices fell amid a global sell-off in government bonds. Concerns over further increases in energy prices have intensified due to the lack of progress in the U.S.-Iran peace agreement. Tomonobu Yamashita, an analyst at BofA Securities Japan, stated in a research report: 'In the short term, there seems to be no factor capable of suppressing the rise in yields.' He also noted, 'The supply-demand imbalance is also driving up Japanese bond yields.' 'There are media reports that the Japanese government is considering drafting the first supplementary budget for the 2026 fiscal year.' The 10-year Japanese government bond yield rose by 10 basis points during the session, reaching 2.8%, the highest level since October 1996. (Jin10)