Tokyo, April 3 (Jiji Press)–The yield on the most recent issue of 10-year Japanese government bonds, regarded as the country’s benchmark long-term interest rate, briefly reached 2.395 pct on Friday, the highest level since February 1999. JGBs were sold on persistent inflation concerns as crude oil prices remained high after U.S. President Donald Trump’s address on the Iran conflict Wednesday dashed hopes for an early ceasefire. Selling was also spurred by expectations of a policy rate hike by the Bank of Japan, market sources said. Additionally, JGBs drew selling after the auction of the April issue of 10-year JGBs, held Thursday, turned out to be sluggish. END [Copyright The Jiji Press, Ltd.]
Key 10-Year JGB Yield Briefly Hits 27-Year High
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