Japan's long-term interest rates have risen to the highest level in 9 years and 7 months.
The rates have been edging up since late last month, when the Bank of Japan decided to adopt a more flexible approach to the yield curve. Investors turned to the selling of Japanese government bonds on Tuesday. The yield on the benchmark 10-year issue rose to 0.665 percent.
This followed a similar move in the United States.
The yield on the 10-year US Treasury note briefly hit its highest in 15 years and 9 months on Monday.
Some investors took the view that the Federal Reserve has further to go in its bid to combat inflation with interest rate hikes.
The rates have been edging up since late last month, when the Bank of Japan decided to adopt a more flexible approach to the yield curve. Investors turned to the selling of Japanese government bonds on Tuesday. The yield on the benchmark 10-year issue rose to 0.665 percent.
This followed a similar move in the United States.
The yield on the 10-year US Treasury note briefly hit its highest in 15 years and 9 months on Monday.
Some investors took the view that the Federal Reserve has further to go in its bid to combat inflation with interest rate hikes.
Similar Readings (5 items)
Japan 10-year bond yields climb to highest in decade
10-year Japanese bond yield hits highest level in 7 1/2 years
10-year Japanese government bond yield hits highest mark since April 2010
10-year Japanese bond yield breaches upper limit, then falls back
10-year Japanese bond yield reaches BOJ-set cap
Summary
Japan's long-term interest rates reached a 9.5-year high on Tuesday, increasing since late last month following the Bank of Japan's adoption of a flexible yield curve approach. This move led investors to sell Japanese government bonds, with the benchmark 10-year yield reaching 0.665%. A similar
Statistics
116
Words1
Read CountDetails
ID: 37431f4e-7004-40ba-ac7c-56fa3e3b9057
Category ID: nhk
URL: https://www3.nhk.or.jp/nhkworld/en/news/20230822_40/
Date: Aug. 22, 2023
Created: 2023/08/23 08:11
Updated: 2025/12/09 00:45
Last Read: 2023/08/23 08:25