BitMEX co-founder Arthur Hayes commented on social media about the surge in Japanese government bond yields. He stated: "Every central bank governor has plans to raise interest rates until the bond market punches them in the face." Data shows that the yield on JGB 2.4 03/20/55#86 has risen over 15% in the past month, from 2.721% to a peak of 3.184%, currently reported at 3.132%.