Japan's 30-Year Government Bond Yield Hits New Record of 3.445%

BlockBeats News, December 4th, the yield on Japan's 30-year government bond reached a new record of 3.445% on Thursday morning. This came ahead of the sale of ¥700 billion in bonds by the Ministry of Finance in this range, with results to be announced in the afternoon.

Takayuki Miyajima, economist at Sony Financial Group, stated, "Speculation about a rate hike by the Bank of Japan and concerns about fiscal expansion are driving selling pressure. However, due to strong demand supported by the high yield, the upcoming 30-year bond auction is expected to see a stable outcome." Japan's government bond yields have been on the rise, reflecting market expectations of a rate hike in December by the Bank of Japan and concerns about a deteriorating fiscal situation in Japan. (Kin Economic Times)