Japan's 10-year government bond yield surged to 2.54%, the highest in 29 years since June 1997, driven by oil prices breaking $100 per barrel amid Middle East tensions and the Bank of Japan's hawkish stance signaling potential acceleration of rate hikes to combat inflation risks.
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Japanese 10-Year Bond Yield Hits 29-Year High on Oil Prices, Rate Hike Expectations
Japan's 10-year government bond yield surged to 2.54%, the highest in 29 years since June 1997, driven by oil prices breaking $100 per barrel amid Middle East tensions and the Bank of Japan's hawkish stance signaling potential acceleration of rate hikes to combat inflation risks.