Japan’s 40-Year Yield Rises to Highest Since Debut in 2007
- Twenty-year yield also reached highest since 2011 on Tuesday
- Global bond yields rising amid inflation and fiscal concerns
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Japan’s 40-year government bond yield reached its highest since inception amid a global debt selloff and expectations that the Bank of Japan will hike interest rates in coming months.
The yield rose as much as 3 basis points to 2.755%, the highest since 2007 when the bonds were sold for the first time. Japan’s 20-year yield also rose to its highest since May 2011 this morning after the nation’s markets reopened following a public holiday on Monday.