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Japan bond yields hold near multi-decade highs before 40-year auction
TOKYO: Japanese government bond (JGB) yields held near multi-decade highs on Tuesday as inflation pressures set the scene for an auction of the market’s longest-dated tenor. Here are a few details: The benchmark 10-year JGB yield rose 0.5 basis point (bp) to 3.090%, near the 30-year high of 3.115% touched last week. Yields move inversely to bond prices. Global bond markets remained under pressure as US Treasury yields climbed to multi-year highs, driven by inflation fears linked to surging oil prices and expectations of further Federal Reserve rate hikes. Japan’s Ministry of Finance will sell ...
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