Global long-term bond yields continue to soar. Last week (May 19-23), US and Japanese bonds suffered a series of problems, and the 20-year Japanese bond and US bond auctions were cold at the same time, so that long-term bond yields in the United States and Japan continued to set new highs. Several institutions have warned that the long-term bond market in developed countries is facing fragility, and the supply of bonds is increasing, but buyers are decreasing. This situation is unlikely to improve quickly in the short term, so long-term bond yields may continue to rise. (Securities Times)