Japan’s 10-Year JGB Yield At 25-Yr High, Yield Curve Steepens, Fin. Ministry Props Up Yen

Wolf Richter 4.96K Follower s Follow 5 Share Save Play ( 7min ) Comments Summary The 10-year yield of Japanese Government Bonds jumped 7 basis points today to 2.09%, the highest since February 1999. The 30-year JGB yield has risen to 3.43%, continuing the majestic spike that had commenced in August 2019, when the 30-year yield was just a hair away from turning negative. Higher borrowing costs in Japan make the carry trade less profitable and even riskier – it always involves an exchange rate risk in addition to the other risks. John Kevin/iStock via Getty Images The 10-year yield of Japanese Government Bonds (JGBs) jumped 7 basis points today to 2.09%, the highest since February 1999, continuing the surge that had commenced in late 2019, back when the 10-year yield was still negative due to This article was written by Wolf Richter 4.96K Follower s Follow Wolf Richter is the analyst at, and the publisher of, WOLF STREET, where he discusses business, finance, and money. Core focus: Federal Reserve, credits, equities, residential and commercial real estate, the auto industry, trade, consumers, and energy. He started this operation in 2011. Prior to that, he worked for 20 years in C-level positions, including 10 years in the auto industry. MBA from the University of Texas at Austin.

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