The yield on Japan's 10-year government bonds has risen to its highest level since 2008.
The yield on Japan's 10-year government bond rose to its highest level since 2008 on Tuesday, sparking concerns from the outside world over Japan's fiscal spending ahead of this month's Senate elections. The 10-year government bond yield rose by 2.5 basis points to 1.595%. Japan's 20-year government bond yield hit its highest level since 2000 on Monday. The 2-year Japanese government bond yield rose to 0.786%, the highest level since early April. With the Senate elections on July 20 approaching, investors are paying attention to the related risks of Japan's budget. The ruling party is proposing cash handouts, while the opposition plans to cut taxes. Polls from various local media outlets in Japan indicate that it may not be easy for the ruling party to secure a majority. Global long-term government debt is also declining due to concerns that governments may be overspending beyond their capacity. The 30-year German government bond yield is approaching its highest level in 14 years, and bond markets in the US, UK, and France are also facing similar selling pressures. US Treasury bonds remain stable, as investors await US inflation data to understand the impact of tariffs on the economy. The 10-year US Treasury bond yield is holding steady at 4.43%.
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