Japan 40-Year Government Bond Yield Jumps to 4.01%, 34 Basis Points Below May Record
Japan's 40-year government bond yield rose 10 basis points to 4.01%, leaving the rate just under 35 basis points from its May record of 4.355%. The 30-year yield climbed 8 basis points to 3.98%, positioning the security within 20 basis points of its highest level since debuting in 1999.
The moves tracked a broader rally in U.S. Treasury yields driven by higher oil prices and expectations for additional Federal Reserve rate increases. Attention is also shifting to the Bank of Japan, where officials are reportedly willing to hike rates faster than the consensus to combat inflation fueled by yen weakness, adding to fiscal sustainability concerns.
From the sources (12 posts)
@firstsquawkYEN SLIDES BACK TO WEAKEST SINCE 1986, TOUCHES 162.89 VS USD
@reutersafricaThe yen was pinned near an almost four-decade low on Wednesday as rising oil prices and U.S. Treasury yields hoisted the dollar and left traders on edge about possible Japanese intervention.
@ftInvestors fear Japanese bond bets risk becoming new ‘widow-maker trade’
@businessThe yen weakened past 163 per dollar for the first time since 1986, raising the risk of intervention by authorities to prop up the currency
@firstsquawkJapan announces a 300 billion yen sale of 40-year government bonds.
@firstsquawkJapanese 30-year bond yields edge higher by 1.5 basis points to 3.9%.
@firstsquawk5-YEAR JGB YIELD CLIMBS 2.0 BASIS POINTS TO 1.960%.
@firstsquawkThe 40-year JGB yield increases to 3.895%, up 0.5 basis points.
@barchartJapan's long-term borrowing costs are now at the highest levels this century 🚨 🚨
@firstsquawkThe 10-year JGB yield increases to 2.750%, up 3.0 basis points.
@firstsquawkJapan's 40-year JGB yield climbs 2 basis points to 3.910%.
@globalmktobserv🚨Japan's government bond yields are SURGING again: Japan's 40-year government bond yield rose +10 basis points, to 4.01%, and is just 34.5 basis points below its record high of 4.355%, set in May. At the same time, 30-year JGB yields are