Japan 30-Year Bond Yield Hits 3% for First Time Since 1996 as BOJ Rate Hike Expectations Surge
Japan’s 30-year government bond yield crossed 3% for the first time since 1996, as US Treasury Secretary Bessent signaled he expects the BOJ to raise rates soon.
Key points
- Japan 30-year bond crossed 3% for first time since 1996; US Treasury Secretary Bessent backs BOJ rate hike.
- Japanese life insurers face mark-to-market JGB losses; global carry trades face forced unwinding pressure.
- Watch BOJ next meeting and 10-year JGB breaking 2% as benchmark for full yield-curve repricing.
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Read the full analysis on market.news
🇯🇵 Japan Bonds Fed Policy boj bonds yield-curve jpy interest-rates