Japan's 30-Year Bond Yield Jumps to 3.94% as Fiscal Expansion Fears Deepen
Updated
Updated · Bloomberg · Jun 30
Japan's 30-Year Bond Yield Jumps to 3.94% as Fiscal Expansion Fears Deepen
3 articles · Updated · Bloomberg · Jun 30
Summary
Japan’s super-long borrowing costs rose sharply, with the 30-year yield up 11 basis points to 3.94% and the 20-year yield up 9 basis points to 3.64%.
Prime Minister Sanae Takaichi’s spending plans fueled the move by intensifying investor concern that fiscal expansion will increase debt pressure.
The selloff comes after the yen sank to its weakest level against the dollar in four decades, adding to market unease around Japan’s policy and fiscal outlook.