%Japan Government Bond 10Y
JP-10Y
▲ PositiveMonetaryrelevance
10-year yield hits 1996 high at 2.945%
Japan's 10-year government bond yield touched 2.945%, its highest since September 1996, while the yen slipped back toward 159 per dollar. The 30-year yield hit 4.115% the same morning, and core inflation rose to 1.8% in July from 1.6% in June. Economists expect the Bank of Japan to lift its policy rate from 1% to 1.25% at its September 17-18 meeting. Bitcoin has ignored the stress, up 22% in seven days near $77,355, though analysts warn a yen surge could unwind carry trades as in August 2024.
10-year yield hits 1996 high at 2.945%
30-year yield hits 4.115%