Japan’s Key Yield Rises Above Germany First Time After Auction
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Japan’s 10-year bond yields surpassed those of Germany for the first time, after an auction of the Asian nation’s benchmark debt met the weakest demand since July 2013.
The yield climbed seven basis points to 0.355 percent as of 4:38 p.m. in Tokyo, according to Japan Bond Trading Co., the nation’s largest inter-dealer debt broker. The price of the 0.3 percent debt due December 2024 fell 0.669 yen to 99.475. Germany’s 10-year yield was little changed at 0.32 percent.