TOKYO — Japanese government bond yields jumped this week, as investors fret over the country’s fiscal health and a looming upper house election that threatens to shift power away from the ruling coalition.
Yields on benchmark 10-year Japanese government bonds (JGBs) rose to 1.595% on Tuesday, their highest level in about 17 years. 20-year JGB yields rose to 2.650%, their highest in some 25 years. 30-year JGB yields hit 3.200%, an all-time high since the government started issuing these ultra-long bonds in 1999. Bond yields move inversely to prices.
