Japan 20-year bond yield rises to 3.856%
- —The average yield on Japan's 20-year bonds rose to 3.856% from 3.698% on August 20
- —The bid-to-cover ratio improved to 4.01 times from 3.98
- —The spread between the highest and average yields narrowed to 1.3 basis points from 1.5
- —Bitcoin traded around $77,700, down less than 1% over 24 hours
Why it matters: Rising Japanese yields could make the yen carry trade more expensive and increase pressure on leveraged bitcoin positions; the key test is the Bank of Japan meeting on September 17-18.
Source: CryptoSlate