Tokyo, July 6 (Jiji Press)–The yield on the most recent issue of 10-year Japanese government bonds rose as high as 2.830 pct in Tokyo interdealer bond trading on Monday, hitting the highest level since May 1997. JGBs remained under selling as the market continued to react negatively to the Japanese government’s draft released last week of its Basic Policy on Economic and Fiscal Management and Reform, according to market sources. “With very few buying incentives on the market, the JGB yield may rise further to approach 3 pct,” an asset management firm official said. END [Copyright The Jiji Press, Ltd.]
Key 10-Year JGB Yield Hits 29-Year High of 2.830 Pct
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