Tokyo, Dec. 4 (Jiji Press)–The yield on the most recent issue of 10-year Japanese government bonds rose above 1.9 pct to hit the highest level in about 18 and a half years in Tokyo interdealer trading Thursday morning. The 10-year JGB yield, regarded as Japan’s benchmark long-term interest rate, climbed to as high as 1.910 pct. JGBs came under selling on growing speculation that the Bank of Japan will raise interest rates and on concerns that Japan’s fiscal health will deteriorate further due to the aggressive spending policy of Prime Minister Sanae Takaichi’s administration, market sources said. Bond prices and yields move inversely. END [Copyright The Jiji Press, Ltd.]
Japan Key Long-Term Rate Hits 18-Year High above 1.9 Pct
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