JGB Yield Nears New Decade-High

BlockBeats News, March 23, Monday morning, Japanese government bond prices fell, and yields rose to multi-decade highs once again. Market concerns heightened that the escalating conflict in the Middle East would push up the inflation rate. The 10-year bond yield rose by 6 basis points to 2.32%, nearing the historical high set in January 1999. 5

The 5-year bond yield rose by 5 basis points to 1.72%, just a stone's throw away from its all-time high since its listing. The movement of Japanese government bond yields has followed the U.S. Treasury yields, which have been falling for several weeks and are currently at their highest level in months.

There is no sign of easing tensions in the Middle East, with Trump issuing a 48-hour ultimatum to Tehran, demanding the opening of the Strait of Hormuz; otherwise, an attack on Iran's power plant will be launched. This deadline will expire on Monday night New York time. (FXStreet)