Japan government bond yields rose on Monday, clawing back part of last week's
falls after an AI-related equity sell-off had driven demand for havens. The
5-year yield climbed 5.5bps to 2.10%; the 10-year rose 6.5bps to 2.70%. Yields
had hit multi-month lows on Friday amid a tech stock rout. Mitsubishi UFJ Morgan
Stanley Securities senior bond strategist Keisuke Tsuruta said uncertainty
around AI-related investment remains high and the risk-off effect merits close
monitoring, but the rapid late-week drop in yields makes a near-term rebound
correction possible.