Japan’s Benchmark Bond Yield Hits Nine-Year High in Test for BOJ
- Japan yields face upward pressure as global rates climb
- Treasury 10-year yield hit the highest level since 2007
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Japan’s 10-year government bond yield reached a new nine-year high Tuesday amid upward pressure in global interest rates.
The yield increased to 0.66%, the highest since 2014, raising the prospect that the Bank of Japan may come into the market with an unscheduled bond-buying operation to slow gains.