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The yield on Japan's benchmark 20-year government bond rose to 0.455%, its highest since January 2019, after a weak Bank of Japan bond purchase operation. Traders worried the BOJ could reduce future bond buying.
The 10-year yield rose one basis point to 0.045%.
Rising Japanese yields signal that markets expect the BOJ to loosen its yield control, which can affect yen exchange rates and capital flows. The direct link to feed commodity prices is limited.
Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.