Japan Bond Yields Hit Record Highs Amid Fiscal Concerns Over Debt-Funded Extra Budget
Japanese government bond yields climbed to record highs, with long-dated debt under pressure amid fiscal concerns and a five-year auction drawing lower demand than the 12-month average as elevated oil prices fueled inflation worries. The move has pushed the 10-year yield well above the country’s dividend yields, raising the prospect of rotation from stocks into bonds once volatility in the bond market subsides.
Fiscal policy has become a focal point after Reuters reported that Japan’s extra budget will include funding from fresh debt. Finance Minister Katayama said Prime Minister Takaichi had instructed her to minimize various risks in response to rising bond yields, while Chief Cabinet Secretary Kihara said the government was watching market moves, including long-term rates, with a very high sense of urgency.
From the sources (25 posts)
@firstsquawkYield on Japan’s 30-year bonds surges 17 basis points to 4.170%, marking an all-time high.
@firstsquawkJapan plans a 2.5 trillion yen 5-year government bond sale at a 2.000% coupon.
@firstsquawkThe 30-year JGB yield climbs 20 bps, reaching 4.2%.
@businessNTT Finance has postponed a planned yen-denominated corporate bond sale until early June or later amid a surge in Japanese government bond yields
@hedgeye🇯🇵 Japan’s 30-year yield makes a new all-time high
@businessJapanese government bonds sold off on Monday sending yields to record highs as rising oil prices fueled inflation fears. Here’s what strategists are saying.
@firstsquawkJapan’s PM Takaichi reportedly told the finance minister to consider funding options, including an expanded supplementary budget.
@businessJapan’s five-year government bond auction Monday saw lower demand than the 12-month average as elevated oil prices fueled inflation concerns
@firstsquawkJapan long-term bond yields hit record highs amid fiscal concerns-NA
@businessJapan’s 10-year government bond yield has risen well above the country’s dividend yields, raising prospects of rotation out from stocks into bonds once volatility in the bond market subsides
@firstsquawkJapan’s 30-year government bond yield rises 9.0 basis points to 4.090%.
@firstsquawkJapan’s 20-year government bond yield rises 8.0 basis points to 3.720%.
@firstsquawkJapan’s 30-year government bond yield rises 10 basis points to 4.1%.
@zerohedgeJAPAN'S 40-YEAR BOND YIELD RISES 13BPS TO 4.345%
@reutersExclusive: Japan's extra budget to include funding from fresh debt, source says
@financialjuiceJapan Finance Minister Katayama: I was instructed by PM Takaichi to minimise various risks when asked about JGB yield rises
@firstsquawkJapan finance minister Katayama states she has been asked by PM Takaichi to focus on minimising risks, as JGB yields come under pressure.
@globalmktobserv🚨Japanese government bond yields are THROUGH THE ROOF: The 40-year Japanese government bond yield has risen to 4.33%, the highest level since this maturity was introduced in 2007. At the same time, the 30-year JGB yield has breached 4.40%
@philippilkWhat’s interesting about the Japanese bond market crashout is that it’s happening at the same time as the government has drastically reduced its fiscal deficit. Econ 101: wrong again! 🇯🇵
@financialjuiceJapan Chief Cabinet Secretary Kihara: Watching market moves, including long-term rates, with a very high sense of urgency
@firstsquawkJAPAN CHIEF CABINET SECRETARY KIHARA: WATCHING MARKET MOVES, INCLUDING LONG-TERM RATES, WITH A VERY HIGH SENSE OF URGENCY
@cryptoroverMASSIVE CRASH 🩸 ¥20,000,000,000,000 has been wiped out from Japanese stock market today.
@cryptoroverJapan’s 30-year yield makes a new all-time highs. You know what this means...
@thestalwartJapanese bond yields just keep rising
@cryptorover🚨 CRASH ¥50,000,000,000,000 has now been wiped out from the Japanese stock market in just the last 3 trading sessions after today’s Nikkei crash.