🚨 The yield on the 40-year Japanese government bond hit a new record high on Tuesday amid a broad sell-off in government bonds.

✅ As investor concerns grow that a proposed cut in food sales tax could worsen the country's fiscal situation.

🚨 The 10-year bond yield rose by more than 10 basis points to 2.38%, the highest level since 1999.

🚨 The 20-year bond yield increased by about 22 basis points to 3.47%.