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JP 10-Yr Govt Bond Yield Spikes to Highest Since 1997 on Escalated Iran Tensions
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Due to escalated tensions in the Middle East, Japan's 10-year government bond yield climbed to its highest level since 1997. Earlier, US President Donald Trump stated that the US would begin a comprehensive naval blockade of the strategic Strait of Hormuz. The benchmark rate rose 5.5 bps to 2.49% in Tokyo on Monday. Ten-year bond futures fell by as much as 55 bps to 129.27, while the 5-year yield leaped 4 bps to 1.9%. Auto-translated by AI AASTOCKS Financial News |
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