Japan's 10-Year Government Bond Yield Briefly Fell to 2.95%, Reaching a 30-Year High

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(Tokyo=Yonhap News) Correspondent Lee Do-yeon = As the yield on Japan's 10-year government bond, a benchmark for long-term interest rates, rose to 2.95% at one point on the 31st, bond prices... for the first time in 30 years

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On the 31st, the yield on newly issued 10-year government bonds, a benchmark for long-term interest rates, rose to a high of 2.950%. According to Japan Mutual Securities, this is the highest level in approximately 29 years and 10 months, since October 1996. The 3% mark is now within sight. Expectations of an early interest rate hike in the United States are strengthening, and US long-term interest rates are…