Reported 1 day ago
Japanese bond yields surged following a weak government debt auction that revealed the lowest demand in over a decade. The central bank's potential retreat from market interventions has fueled fears, driving up borrowing costs. Prime Minister Shigeru Ishiba acknowledged the worsening financial conditions, likening them to those of Greece, while expressing caution about government spending funded by bonds. Market analysts note that the sell-off is spreading from super-long bonds to 20-year bonds, indicating growing investor anxiety.
Source: YAHOO