Japan Bond Meltdown Sends Yields to Record High on Fiscal Fears
Bloomberg • • business
Key Points:
- Japanese bond yields surged to record highs, with the 40-year rate exceeding 4% for the first time since its inception in 2007, marking the highest level for any maturity of Japan's sovereign debt in over 30 years.
- The sharp increase in 30- and 40-year yields, rising more than 25 basis points, represents the largest jump since April last year following President Donald Trump's tariff announcements.
- The bond market slump intensified after investors reacted negatively to Prime Minister Sanae Takaichi’s proposal to cut taxes on food.
