G-7 to Discuss Bond Selloff as Yields Hit Multi-Decade Highs

Group of Seven finance chiefs are set to discuss the selloff in government bonds that’s sending yields on some benchmark securities to their highest levels in decades, with at least one member viewing the move as temporary.

Japanese Finance Minister Satsuki Katayama said Friday the G-7 are expected to talk about developments in bond markets at their May 18-19 gathering in Paris. She spoke a day after her nation’s 30-year government bond yields climbed to the highest since that tenor’s 1999 debut, while rates on 20- and 40-year debt also hit the highest in decades.