Japan 10-year bond yield hits highest since 1996 after BOJ rate hike
- —Japan's 10-year JGB yield rose 10 bps to 3.075%, the highest since August 1996
- —Five-year JGB yield gained 10 bps to a record 2.375%
- —The BOJ raised its policy rate from 1% to 1.25%; Governor Ueda hinted at more hikes
- —The 10-year US Treasury yield climbed to 5.106%, its highest since 2007
Why it matters: Higher Japanese yields could push institutions to keep more capital at home and strain yen-funded carry trades, a risk for crypto markets.
Source: crypto.news