Japan's 30-Year Government Bond Yield Hits 21-Year High as Bonds Face Sell-Off

BlockBeats News, April 9th: On Wednesday, the 30-year Japanese government bond yield rose to a 21-year high as the market meltdown triggered by U.S. trade tariffs led investors to sell off the most liquid bonds to raise cash. With a sharp drop in stock markets and oil prices, the 30-year JGB yield rose to as high as 2.785%, its highest level since August 2004, jumping 22 basis points intraday to 2.715%.

Katsutoshi Inadome, Senior Strategist at Sumitomo Mitsui Trust Asset Management, said, "The yield on ultra-long-term bonds has risen above the level before Trump announced the tariff hike, akin to panic selling." The Bank of Japan, the Ministry of Finance, and the Financial Services Agency will convene a meeting of senior officials starting at 15:00 Beijing time to discuss financial market issues. (Kinenshu)