Japan Wholesale Inflation Spikes, Bolstering BOJ June Hike Case as 30-Year Yield Hits 4%
Japan’s wholesale inflation spiked, with corporate goods prices in April surging by the most in 12 years as an energy shock added to price pressures. The figures bolstered the case for a June interest-rate increase by the Bank of Japan, while elevated oil prices added to broader inflation concerns.
Japanese government bond yields rose across the curve on Friday as those worries spread through global debt markets. The 30-year JGB yield jumped 9.5 basis points to 4.00%, while the 40-year yield climbed 8.5 basis points to a record 4.235%.
From the sources (25 posts)
@globalmktobserv🚨Japanese government bond yields are surging to historic levels: The 30-year JGB yield is up to 3.835%, the 2nd-highest on record and on track for the highest weekly close since the bond was introduced in 1999. This comes as the Bank of J
@firstsquawkThe 10-year Japanese government bond yield increased by 5 bps to 2.590%.
@firstsquawkThe 30-year Japanese government bond yield increased by 5 basis points to 3.860%.
@firstsquawkThe yield on Japan’s 5-year government bond rose 3 basis points to a record high of 1.945%.
@marketnews_feedTHE YIELD ON JAPAN’S 5-YEAR GOVERNMENT BOND ROSE 3 BASIS POINTS TO A RECORD HIGH OF 1.945%. ...
@firstsquawkThe 20-year Japanese government bond yield increased by 5 basis points to a record level of 3.495%.
@firstsquawkThe 10-year Japanese government bond yield increased by 6 basis points to 2.600%.
@businessJapan’s 20-year government bond yield breached its January peak to touch the highest level since 1997, as rising energy prices add to inflation pressure.
@businessThe Bank of Japan’s policy rate is expected to reach 2% by the end of 2027, according to a new estimate from the Organisation for Economic Co-operation and Development.
@firstsquawkAccording to the OECD Secretary-General, the Bank of Japan is not behind the curve as inflation expectations remain anchored and wages are strengthening.
@zerohedgeJapan's 20Y bond yield rises as high as 3.511%, highest since 1996 as global interest rates go vertical
@reutersOECD sees Japan raising interest rates to 2% by end-2027
@firstsquawk30-year JGB yield edges higher by 3 basis points, reaching 3.845%.
@firstsquawkJapan’s BOJ board member Masu warns that yen depreciation may lift inflation expectations and impact core inflation dynamics.
@firstsquawkYield on the 10-year Japanese government bond increases to 2.620%, up 3.5 bps.
@firstsquawkJapan’s BOJ board member Masu warns that an energy shock triggered by the Iran conflict may have economic effects even worse than the 1973 oil crisis, citing risks to growth and prices.
@barchartBREAKING 🚨: Japan Japan's 30-Year Yield jumps to highest level in history 📈🤯👀
@firstsquawkBOJ board member Masu says Japan is no longer in deflation and negative real interest rates should be addressed promptly.
@firstsquawkJapan’s BOJ board member Masu states he believes policy rates should be increased further into the neutral interest rate band.
@businessA Bank of Japan board member called for rates to be increased as soon as possible provided there is no indication of the economy running into trouble, citing more enduring inflationary risks from the war in Iran
@barchartJUST IN 🚨: Japan's 10-Year Yield jumps to 2.62%, the highest level this century 📈🇯🇵
@firstsquawkYield on the 20-year Japanese government bond increases to 3.535%, up 6 bps.
@firstsquawkJapan Benchmark 10-Year Yield Advances 7 bps, Reaches 2.7%
@marketnews_feedJAPAN BENCHMARK 10-YEAR YIELD ADVANCES 7 BPS, REACHES 2.7% ...
@zerohedgeJapanese bond yields exploding higher *JAPAN’S 40-YEAR YIELD RISES 5BPS TO 4.2% *JAPAN’S 10-YEAR YIELD RISES 7BPS TO 2.7% *JAPAN’S 5-YEAR YIELD RISES 5BPS TO 1.995% *JAPAN'S NIKKEI INDEX FALLS 1% TO 62,004.64