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TOKYO: Japanese government bond yields extended their climb to fresh 16-year highs on Friday, tracking soaring German bund yields on Berlin’s plans for a massive spending package.
The 10-year JGB yield rose 1 basis point (bp) to 1.525% and earlier touched 1.53%, the highest level since June 2009.
Japan’s 10-year bond yield hits near 16-year high after sell-off in German bonds
The 20-year yield added 2 bps to 2.22%, a level not seen since October 2008. Most other tenors had yet to trade, as of 0034 GMT.