Japan 5-Year Yield Jumps to Highest Since 2000 on Election Risk

Japan’s five-year government bond yield climbed to its highest since the tenor’s debut in 2000, as fiscal concerns deepened on Japanese Prime Minister Sanae Takaichi’s reported plans for a snap election.

The rate rose as much as 1.5 basis points to 1.615% on Wednesday. Yields on two-and 10-year bonds also gained.