Global bond rout deepens as Japan's yield hits key 3% milestone ↧ ↧ Global bond rout deepens as Japan's yield hits key 3% milestone A sell-off in global bond markets deepened on Tuesday, with Japan's 10-year yield hitting 3% for the first time ​since 1996, the latest manifestation of trader angst about energy-driven inflation, monetary tightening and worsening fiscal conditions.