Japan's 10-year government bond yield rises to three-decade peak
Tweet
Share
E-mail
FILE PHOTO: A Japanese yen note is seen in this illustration photo taken June 1, 2017. REUTERS/Thomas White/Illustration/File Photo
TOKYO, Aug 18 (Reuters) - Japan's benchmark 10-year government bond yield climbed to a three-decade high on Tuesday, driven by rising overseas bond yields and speculation about a near-term Bank of Japan interest-rate increase.
The 10-year JGB yield added 2.5 basis points to 2.945% early in the trading day, the highest level since September 1996. Other cash bonds had yet to trade as of 0000 GMT.
Yields rise when bond prices fall.
Benchmark 10-year JGB futures declined 0.19 yen to 125.97 yen.
Bond yields have risen globally as inflation worries have intensified with oil prices climbing while peace talks in the Middle East remain at a stalemate.
Meanwhile, expectations have been mounting for the BOJ to raise rates at its next policy meeting in September.
Comments from central bank officials have turned increasingly hawkish, and Reuters and other media have reported that the policy board may pursue more aggressive tightening than it has to this point.
(Reporting by Kevin Buckland; Editing by Subhranshu Sahu)
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Oil prices climb, bond yields rise as US-Iran ceasefire expires
- Cargill workers vote to end dispute at US beef plant idled since April
- Zambia's Hichilema wins second term in presidential election
Create E-mail Alert Related Categories
ReutersSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
