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Lisa Abramowicz, journalist and co-host on Bloomberg TV/Radio, reports that Japanese 10-year government bond yields have climbed to a new post-1997 high of 2.52 percent.
Abramowicz highlights that longer-term yields are increasing globally, coinciding with a surge in oil prices and ongoing corporate and government spending.
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Abramowicz has recently reported on other market trends. She noted that commercial and industrial loans at U.S. banks rose 7.4 percent year-over-year, the largest increase in three years. In a separate report, she highlighted U.S. crude and petroleum product exports reaching a record high of nearly 12.9 million barrels a day.