Japan's 10-year bond yield hits 30-year high after US Treasury selloff
TOKYO, Sept 24 : Japan's 10-year government bond (JGB) yield jumped to a 30-year high early on Thursday after US Treasury yields surged overnight, while a weaker yen added to concerns about inflationary pressures.
- The benchmark 10-year JGB yield rose 8 basis points (bps) to 3.055 per cent, its highest since August 1996. Yields move inversely to bond prices.
CNA Games Guess Word Crack the word, one row at a time Buzzword Create words using the given letters Mini Sudoku Tiny puzzle, mighty brain teaser Mini Crossword Small grid, big challenge Word Search Spot as many words as you can Show More Show Less • Japanese bond yields are facing upward pressure as inflation concerns grew on a weaker yen, said Katsutoshi Inadome, a senior strategist at Sumitomo Mitsui Trust Asset Management. • US Treasury yields jumped overnight in their sharpest daily increase since the Liberation Day market rout last year, after a stronger-than-expected purchasing managers' report ignited fresh inflation fears and an auction of five-year notes was poorly received. • The US dollar rallied to its highest level in nearly two months on Wednesday as investors' expectations of a near-term Federal Reserve rate hike grew. • A weaker yen increases import costs, pushing domestic prices higher. • Yields on other maturities had not been traded as of 0035 GMT. The 10-year JGB futures fell as much as 0.64 point, suggesting the bonds will be sold off.
- Japanese bond yields are facing upward pressure as inflation concerns grew on a weaker yen, said Katsutoshi Inadome, a senior strategist at Sumitomo Mitsui Trust Asset Management.
- US Treasury yields jumped overnight in their sharpest daily increase since the Liberation Day market rout last year, after a stronger-than-expected purchasing managers' report ignited fresh inflation fears and an auction of five-year notes was poorly received.
- The US dollar rallied to its highest level in nearly two months on Wednesday as investors' expectations of a near-term Federal Reserve rate hike grew.
- A weaker yen increases import costs, pushing domestic prices higher.
- Yields on other maturities had not been traded as of 0035 GMT. The 10-year JGB futures fell as much as 0.64 point, suggesting the bonds will be sold off.
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