TechFlow, December 22 — Japanese government bonds continued to decline on Monday after the Bank of Japan raised its benchmark interest rate to the highest level in 30 years, according to Jinshi Data. The yield on Japan's 10-year government bond rose 7.5 basis points to 2.095%, the highest since February 1999. The two-year bond yield, which is sensitive to monetary policy expectations, climbed 3 basis points to 1.12%, reaching its highest level since 1997. The renewed selloff in sovereign debt followed the central bank's rate hike last Friday. However, traders expressed disappointment that the Bank of Japan did not provide clear guidance on when further tightening might occur. Meanwhile, the yen rose 0.3% against the U.S. dollar to 157.25, after Finance Minister Kamikawa Tsukasa and Japan's top currency official, Mizumura Atsushi, warned against the recent weakening of the currency.
Risk Disclosure: This website's content is not investment advice and offers no trading guidance or related services. Per regulations from the PBOC and other authorities, users must be aware of virtual currency risks. Contact us / support@techflowpost.com ICP License: 琼ICP备2022009338号
