In the bond market on the 1st, yields on long-term government bonds rose sharply, with the 10-year yield temporarily climbing to 2.990%. The move came against a backdrop of strengthening expectations for an early Bank of Japan rate hike.
In the bond market on the 1st, long-term interest rates rose sharply, with the yield on 10-year Japanese government bonds temporarily reaching 2.990%. This marked the highest level in approximately 30 years.
There is growing speculation that expectations for an early Bank of Japan rate hike are strengthening, and the market is reportedly reflecting this influence.