Data from an institutional brokerage revealed that there was no trading activity in Japan's benchmark 10-year government bonds throughout Tuesday, marking the first such occurrence in over two years. This year has witnessed a steep rise in Japanese bond yields, with the surge in long-term bond yields reverberating across other markets. Investors continue to navigate the Bank of Japan's policy shifts, which encompass transitioning from negative interest rates to a tightening stance and scaling back bond purchases.