Japan’s 10-year government bond yield reached 3% for the first time since 1996, later edging to 3.005%, as a domestic rate shock intensified a global bond selloff and pushed Bitcoin to a session low of $76,556. The 30-year JGB yield rose above 4.18% toward its 4.205% record, while the two-year yield reached a 31-year high and the five-year yield touched a record 2.265%. UK 10-year gilt yields reached 5.2341%, the highest since June 2008, and 30-year gilts reached 5.8856%, the highest since March 1998. The benchmark U.S. 10-year Treasury yield rose from an earlier 4.7880% reading to 4.795% as the G-20 finance ministers’ gathering in Asheville, North Carolina, ended amid disputes over tariffs, public remarks and a group photograph. Treasury Secretary Scott Bessent said discussions covered trade imbalances, artificial intelligence and sovereign debt, while separately pressing Japan’s finance minister and BOJ governor on rate hikes, fiscal clarity and a stronger yen. Renewed U.S. and Iranian strikes near the Strait of Hormuz pushed Brent crude toward $94 a barrel, reviving inflation concerns. Bitcoin later recovered about 0.9% to trade near $77,300, while total crypto market capitalization fell roughly $63 billion and U.S. equities closed lower.