Photographer: Kiyoshi Ota/Bloomberg

Debt Rally Leaves Only Japan’s Longest Bonds Above Zero: Chart

The search for fast-vanishing yields became even harder this week in Japan. They dipped below zero on the government’s 20-year bonds for the first time, leaving only the 30- and 40-year among debt securities that haven’t gone negative. Yields for shorter-dated notes went sub zero earlier this year when the Bank of Japan followed Europe by adopting negative rates.

For a QuickTake explainer on negative rates, click here

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