Taiwan’s 10-Year Government Bond Yield Jumps Most in Three Years
- Central bank held key rate last month after a year of cuts
- Two-year bond sale missed target in sign of weaker demand
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Taiwan’s government bonds slumped, sending the 10-year yield up by the most since September 2013, on speculation that policy makers will refrain from adding to easing and as concern about an uptick in inflation spurs a global bond selloff.
The yield on Taiwanese sovereign securities due in a decade surged eight basis points on Tuesday to 0.9 percent, its steepest climb in three years and the highest close since February, exchange data show. As recently as August, the debt yielded a record-low 0.625 percent.