---
title: "Surging Japan yields cement global rate reset - BlackRock"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/292520446.md"
description: "BlackRock highlights a global rate reset driven by hawkish Fed expectations, noting Japan's 10-year yields hitting 30-year highs and the yen falling to 1986 lows. This marks Japan's convergence with developed markets after years of ultra-accommodative policy. While the Bank of Japan's normalization is orderly, BlackRock warns of crowded short-yen positions. Consequently, BlackRock maintains an underweight stance on Japanese government bonds but favors Japanese equities and shorter-duration U.S. and European yield curves."
datetime: "2026-07-13T18:15:51.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/292520446.md)
  - [en](https://longbridge.com/en/news/292520446.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/292520446.md)
generator: "portal-rs"
---

# Surging Japan yields cement global rate reset - BlackRock


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---
> **Disclaimer: This article is for reference only and does not constitute any investment advice.**