News Formal

Japan's 10-year bond yield hits 12-year high amid BOJ's policy bets

  • 📰 ChannelNewsAsia
  • ⏱ Reading Time:
  • 21 sec. here
  • 3 min. at publisher
  • 📊 Quality Score:
  • News: 15%
  • Publisher: 66%

Bank Of Japan News

Japan

TOKYO: Japan's 10-year government bond yield hit a 12-year high on Tuesday (May 28) as the market braced for further tightening by the Bank of Japan, following a senior official's hawkish comments. The 10-year JGB yield rose 1.5 basis points (bps) to 1.035 per cent, its highest since April 2012.

FILE PHOTO: People walk in front of the Bank of Japan building in Tokyo, Japan January 23, 2024. REUTERS/Kim Kyung-Hoon/File PhotoTOKYO: Japan's 10-year government bond yield hit a 12-year high on Tuesday as the market braced for further tightening by the Bank of Japan, following a senior official's hawkish comments.

This month, JGB yields have risen due to hawkish hints from the central bank, including an abrupt cut in the amounts for its regular bond buying, as it seeks to contain the yen's depreciation. Climate transition bonds are a new class of bonds which aim to fund the development of clean energy resources, such as low-cost wind power generators and are expected to enjoy premium over regular bonds.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 6. in BUSİNESS

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Ex-BOJ official predicts Japan will keep intervening to prevent yen free-fallTOKYO : Japan will likely keep intervening to prop up the yen until the risk of speculators triggering a free fall in the currency has been eliminated, said a former central bank official who was involved in Tokyo's market forays a decade ago.
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »

Japan may have spent US$36 billion on Apr 29 intervention, BOJ data suggestsTOKYO: Japanese officials may have spent some 5.5 trillion yen (US$35.06 billion) supporting the currency on Monday, Bank of Japan data suggested on Tuesday (Apr 30), after it hit fresh 34-year lows The central bank's projection for Wednesday's money market conditions indicated a 7.
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »