The yield on Japan's 10-year government bond climbed to 2.93 percent, the highest level since 1996, amid fiscal concerns and growing expectations that the Bank of Japan may raise interest rates in the coming months. The 10-year yield rose as much as 0.055 percentage point, while the 30-year yield gained 0.05 percentage point to 4.06 percent, near its highest since its launch in 1999. Sources said the government of Prime Minister Sanae Takaichi supports a near-term rate hike by the BOJ, with the next move expected in September or October. Meanwhile, data released today showed Japan's economy grew more slowly than expected in the second quarter, with real gross domestic product expanding 1.1 percent compared with a market forecast of 2.0 percent.
10-year JGB yield hits 30-year high on BOJ rate hike expectations and fiscal worries
30-year yield rises to near record high on fiscal concerns and BOJ hike expectations
