🔴 Mitsubishi UFJ Financial Group is trading 4.3% down today as 10-year JGB yields reached 2.945%

Mitsubishi UFJ Financial Group is trading 4.3% down at $21.75 as Japanese government-bond yields approached 3%, pressuring Japanese bank shares.

• The 10-year JGB yield reached 2.945%, its highest level since September 1996.
• The move came amid inflation, fiscal concerns and expectations for a potential Bank of Japan rate increase.
• Broader U.S. markets are modestly higher, suggesting the decline is primarily tied to Japan’s bond-market and banking-sector pressures.