Gate News Report, March 23, Monday morning, Japanese government bond prices declined, and yields rose again to multi-decade highs. Market concerns about escalating Middle East conflicts pushing up inflation. The 10-year government bond yield increased by 6 basis points to 2.32%, approaching the highest level since January 1999; the 5-year government bond yield rose by 5 basis points to 1.72%, just shy of its all-time high since issuance. Japanese bond yields move in tandem with U.S. Treasury yields, which have been falling for several weeks and are now at their highest in months. Tensions in the Middle East show no signs of easing, as Trump issued a 48-hour ultimatum to Tehran, demanding they open the Strait of Hormuz or face attacks on Iran’s power plants. This deadline expires Monday evening, New York time.