Reported about 1 month ago
Japan's 40-year government bond yields surged to their highest level since 2008, reaching 2.535%, as the global bond market reacts to expectations of stronger U.S. interest rates and impending policy normalization by the Bank of Japan. The increase is compounded by uncertainties surrounding Japan's government finances and the upcoming lower house election, putting pressure on bond traders to reassess their positions.
Source: YAHOO