Tokyo, March 27 (Jiji Press)–The yield on the most recent issue of 10-year Japanese government bonds hit a 27-year high of 2.385 pct, in Tokyo trading Friday, after a rise in U.S. long-term interest rates amid inflation concerns. The key 10-year JGB yield, regarded as Japan’s benchmark long-term interest rate, jumped from 2.275 pct late Thursday. Crude oil prices remained elevated on speculation of prolonged U.S. and Israeli conflicts with Iran. As U.S. long-term interest rates climbed, selling pressure on JGBs also became strong. “Global inflation concerns are fueling expectations that major central banks will be willing to raise interest rates,” said Katsutoshi Inadome, a strategist at Sumitomo Mitsui Trust Asset Management Co. END [Copyright The Jiji Press, Ltd.]
Key 10-Year JGB Yield Hits 27-Year High
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