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Japan 30-Year Yield Drops to Record, Doha Failure Spurs Turmoil

Japanese government bonds surged, sending yields on 20- and 30-year debt to all-time lows as tumbling oil and stock prices renewed demand for havens and fueled expectations the Bank of Japan will expand its unprecedented stimulus this month.

The 20-year yield touched a record low of 0.275 percent and the 30-year yield dropped as much as 3 1/2 basis points to 0.355 percent. The benchmark 10-year yield fell to minus 0.13 percent, its lowest since March 18 when it hit a record low of minus 0.135 percent.