Japan's 10-year bond yield reaches a decade high at 0.975% amid expectations of BOJ normalizing interest rates.
Japan's 10-year bond yield hits a decade high, rising 2.5 basis points to 0.975% amid expectations that the Bank of Japan (BOJ) is committed to normalizing interest rates and supporting the struggling yen. This comes as yields on debt due in 20 years to 30 years reached decade highs, potentially encouraging Japanese investors to put more of their funds into domestic debt rather than markets in the US and Europe.
May 20, 2024
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