The yield on newly issued 10-year Japanese government bonds has risen to a nearly 30-year high. As higher US long-term yields coincide with yen weakness and rising crude oil prices, concerns about inflation are intensifying. Amid reports on Sunday Scoop, concern from the US Treasury Secretary over fiscal policy has also emerged.
The yield on newly issued 10-year Japanese government bonds is reported to have reached a nearly 30-year high, rising to a level not seen since September 1996. The move is attracting attention not only because of rising US long-term yields, but also in the context of global interest-rate trends.
The yen remains weak, while higher crude oil prices amid escalating tensions in the Middle East are said to be increasing inflationary pressure. Caution is spreading across the market alongside the rise in long-term yields.
The article highlights reports on Sunday Scoop that the US Treasury Secretary expressed concern about the appropriate direction of fiscal policy. Further developments and additional reports are awaited.