The Japanese bond market sell-off continues into the New Year

Odaily Planet Daily reports that the Japanese government bond sell-off continues, with the 10-year government bond yield reaching the highest level since February 1999. The 20-year government bond yield rose about 10 basis points to 3.08%, the 30-year yield increased 3 basis points to 3.485%, and the 40-year yield rose 8 basis points to 3.69%. According to analysis from the financial website investinglive, despite the spillover pressure on the yen, some may believe that the trend in the bond market could be the biggest risk facing Japan’s economy this year. The government and the Bank of Japan must closely monitor the developments, as the situation has undoubtedly worsened over the past three months. Considering the bond sell-off (yields soaring), the yen is also under severe test and pressure, indicating that traders and investors are more focused on fiscal and economic issues rather than the Bank of Japan’s policies and the narrowing interest rate differential. (Jin10)