Japan's long-term bond yields soar to a new high, crossing paths with China's 10-year government bonds for the first time
After Bank of Japan Governor Kazuo Ueda rarely named the upcoming monetary policy meeting and hinted at a possible interest rate hike on December 1, the Japanese market reacted quickly, with government bond yields surging to a stage high. The yield on Japan's 10-year government bonds rose to 1.859%. Recently, China's 10-year government bond yield has retreated from its high, leading to a curve crossover between the long-term bond yields of China and Japan
After Bank of Japan Governor Kazuo Ueda rarely named the upcoming monetary policy meeting on December 1 and hinted at a possible interest rate hike, the Japanese market reacted quickly, with government bond yields surging to a stage high. The yield on Japan's 10-year government bonds rose to 1.859%.
Recently, the yield on China's 10-year government bonds has retreated from its high, resulting in a curve crossover between the long-term bond yields of China and Japan.
