Japan Bond Yields Hit Multi Decade Highs: Are Bitcoin and Cryptocurrencies at Risk?
The benchmark 10-year JGB rose 8 basis points to 3.055%, its highest since August 1996, as weaker yen concerns added pressure.
- Japan's 10-year government bond yield jumped to a 30-year high on Thursday, tracking a surge in Treasury yields as a weaker Japan Yen intensified inflationary pressure concerns.
- Treasury yields jumped overnight following a stronger-than-expected PMI report, while weak demand at a 70 billion five-year Treasury auction pushed yields above 5%, according to UOB notes.
- The benchmark 10-year JGB yield rose 8 basis points to 3.055%, its highest since August 1996, while the 30-year yield increased nearly 7 basis points to 4.134%.
- Katsutoshi Inadome, a senior strategist at Sumitomo Mitsui Trust Asset Management, noted that JGB yields face persistent upward pressure as inflation concerns grew from the weaker yen.
- Earlier this month, Treasury Secretary Scott Bessent signaled expectations for action from Tokyo and the Bank in Japan to support the falling Japan Yen amid mounting market pressures.
13 Articles
13 Articles
Japan bond yields hit multi decade highs: Are Bitcoin and cryptocurrencies at risk?
Japanese government bond yields have climbed to levels not seen in decades after the Bank of Japan raised interest rates last week, adding another source of pressure for cryptocurrencies already dealing with rising US Treasury yields and renewed Federal Reserve…
Japan's government bond return increased for 10 years during Thursday's dealings, recording its highest level since 1996, with the resumption of market trading following the silver week's holiday. This performance was driven by an intense wave of sales in US Treasury bonds, where strong economic data and weak demand in debt auctions pushed US revenues upward [...], rising Japanese 10-year bond returns to the highest level since 1996 written in t…
The profitability of bonds in Japan and the US skyrockets to decades' peaks driven by inflation and rising interest rates.
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