Amid growing expectations of rate hikes in the US and Europe, long-term interest rates in the domestic bond market surged on the 24th to nearly 3.075%. The Bank of Japan's decision to raise rates further also affected the market.
Domestic interest rates surged in the domestic bond market on the 24th, with long-term interest rates rising to around 3.075%. Bond prices plunged at the same time, and investors became increasingly risk-averse.
As expectations of rate hikes in the US and Europe grew further, upward pressure on long-term interest rates spread to the domestic market, making interest-rate trends a focus of market participants.
The Bank of Japan decided on an additional 0.25% rate hike on the 18th, but dissenting votes were reported, and uncertainty is expected to persist over the course of monetary policy and the path of interest rates.