Finland–JGB 10Y Spread

Finland–JGB 10Y Spread is a derived measure calculated as the Finnish 10-year government-bond yield minus the Japanese 10-year government-bond (JGB) yield. It represents the carry-funding differential, since the yen is a primary global funding currency. A wider spread makes Finland a more attractive yen-carry target, while a narrowing spread or a Bank of Japan tightening move can trigger carry unwinds.