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MNI BRIEF: 10-Yr JGB Yield Rises to 1%; Highest Since May 2013

(MNI) Tokyo
(MNI) TOKYO

The yield on the 10-year Japanese government bond yield rose to 1.0% on Wednesday from 0.980% on Tuesday amid lingering concern over lower bond buying by the Bank of Japan and an earlier-than-expected rate hike.

The tepid results of the 40-year bond auction also drove the increase.

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The yield on the 10-year Japanese government bond yield rose to 1.0% on Wednesday from 0.980% on Tuesday amid lingering concern over lower bond buying by the Bank of Japan and an earlier-than-expected rate hike.

The tepid results of the 40-year bond auction also drove the increase.

Keep reading...Show less