Japan Bond Yields Reach Multi-Decade Highs as OECD Sees BOJ Rate Hitting 2%
Japanese government bond yields rose across the curve, with the 20-year yield breaching its January peak to reach the highest level since 1997 as rising energy prices added to inflation pressure. The 10-year yield climbed 6 basis points to 2.600%, while the 5-year yield rose 3 basis points to a record 1.945%.
The Organisation for Economic Co-operation and Development said the Bank of Japan’s policy rate is expected to reach 2% by the end of 2027. The OECD’s secretary-general said the BOJ is not behind the curve because inflation expectations remain anchored and wages are strengthening, reinforcing expectations of further monetary tightening.
From the sources (20 posts)
@firstsquawkBOJ APRIL MEETING SUMMARY: ONE MEMBER SAID BOJ MAY NEED TO ADDRESS RISK OF PRICES DEVIATING UPWARD; ANOTHER SAID GIVEN SIGNIFICANTLY LOW REAL INTEREST RATES, APPROPRIATE FOR BOJ TO CONTINUE RAISING POLICY RATE
@firstsquawkBOJ SUMMARY: ONE MEMBER SAID RATE HIKE PRIORITIZING INFLATION CONTAINMENT HIGHLY LIKELY TO HAVE ADVERSE EFFECTS ON ECONOMIC DEVELOPMENTS; ANOTHER SAID MIDDLE EAST SITUATION IMPACT DIFFICULT TO FORESEE, REQUIRING WAIT-AND-SEE APPROACH
@firstsquawkBOJ SUMMARY: ONE MEMBER SAID NO NEED FOR HASTY ACTION BUT BOJ SHOULD RAISE RATES SOON BARRING EVIDENT SIGNS OF ECONOMIC SLOWDOWN; ANOTHER SAID QUITE POSSIBLE BOJ WILL HIKE RATES FROM NEXT MEETING ONWARD EVEN IF MIDDLE EAST OUTLOOK REMAINS U
@firstsquawkBOJ SUMMARY: ONE MEMBER SAID BOJ MUST PREVENT RISK OF INFLATION SIGNIFICANTLY DEVIATING UPWARD FROM MATERIALIZING; ANOTHER SAID JAPAN'S REAL POLICY RATE IS BY FAR THE LOWEST GLOBALLY & BOJ MUST CONTINUE ADJUSTING NEGATIVE REAL INTEREST RATE
@firstsquawkBOJ SUMMARY: ONE MEMBER SAID IF UPSIDE PRICE RISKS INCREASE, BOJ MUST ACCELERATE RATE HIKES WITHOUT HESITATION; ANOTHER SAID POLICY RATE STILL SOME DISTANCE FROM NEUTRAL, BOJ MUST CONTINUE RAISING RATES AT INTERVALS OF A FEW MONTHS
@firstsquawkBOJ SUMMARY: ONE MEMBER SAID DESPITE MIDDLE EAST UNCERTAINTY, ALL SCENARIOS POINT TO FURTHER UPSIDE PRICE RISKS; ANOTHER SAID PROLONGED MIDDLE EAST TENSIONS WOULD NECESSITATE RAISING POLICY RATE TO NEUTRAL AT AN EARLIER TIMING
@firstsquawkBOJ SUMMARY: ONE MEMBER SAID SUPPLY-SIDE CONSTRAINTS IF MATERIALIZED WILL EXERT EXTREMELY STRONG UPWARD PRESSURE ON PRICES; CABINET OFFICE REP SAID EXPECTS BOJ TO CLOSELY COOPERATE WITH GOVERNMENT PER JOINT STATEMENT IN CONDUCTING MONETARY
@businessThe Bank of Japan signaled the possibility of a hike to its benchmark rate next month with a summary of views from last month’s board meeting that conveyed concerns over upside inflation risks stemming from the conflict in the Middle East h
@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