Reported 1 day ago
Japan's 40-year government bond yield surged to a record 2.755%, marking the highest level since its introduction in 2007, amid a global debt selloff and speculation of impending interest rate hikes by the Bank of Japan. This increase follows rising yields globally due to inflation concerns and strengthening U.S. economic data. There's an anticipated 59% chance of a rate hike in the BOJ's upcoming meeting, further influencing bond market dynamics.
Source: YAHOO