Japanese government bonds continue to decline after the Bank of Japan raised interest rates
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Japanese government bonds continue to decline after the Bank of Japan raised interest rates
According to Jinshi Data, Japanese government bonds continued to decline on Monday after the Bank of Japan raised its benchmark interest rate to a 30-year high. The yield on Japan's 10-year government bond rose 7.5 basis points to 2.095%, the highest level 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 on Friday. However, traders expressed disappointment that the Bank of Japan did not provide clear guidance on when further tightening might occur. Meanwhile, after Finance Minister Shunichi Suzuki and Japan's top currency official Junichi Miura warned against recent yen weakness, the yen rose 0.3% against the dollar to 157.25.
Navigating Web3 tides with focused insightsTechFlow, 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.
