Longer-dated maturities also saw volatility, with the 30 year yield briefly hitting 4.23%, a record since its launch in 1999. While some capital has begun returning to the country, Reuters reports that the repatriation of overseas assets remains stalled because traders are uncertain about the future policy trajectory of the central bank and the eventual peak of bond yields.
Wednesday, October 21, 2026
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Japan 2 Year Bond Yield Hits 31 Year High
Global Markets23 days ago
The yield on the short-term sovereign benchmark climbed to 1.965% on September 28, approaching the 2% mark. Investors drove the surge as they placed larger bets on the Bank of Japan continuing to raise interest rates to combat inflation and geopolitical risks. This movement represents the highest rate for that maturity since April 1995 and occurs as the 10 year bond yield tops 3.1%.
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