Jinshi data on January 14th, the yield on Japanese government bonds jumped in early Tokyo trading, following the pump in US Treasury yields overnight. Citigroup Intrerest Rate strategists said in a research report that as the Bank of Japan continues to raise interest rates, the yield on Japanese government bonds may maintain a rising trend. It is expected that the Bank of Japan will raise interest rates three times in January, June, and December this year. The yield on 10-year Japanese government bonds may test 1.500% by the end of 2025, but if the Bank of Japan delays raising interest rates, the testing time may be postponed. The yield on 10-year Japanese government bonds rose 4.5 basis points to 1.240%, the highest level since April 2011.