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JGB yields rise on government spending worries, with eyes on cabinet reshuffle
TOKYO: Japanese government bond yields rose on Tuesday as investors weighed the expansion of government spending, while markets eyed Prime Minister Sanae Takaichi’s cabinet reshuffle. The 10-year JGB yield rose as much as 4.5 basis points (bps) to touch 3.025%, its highest since September 1996. The five-year yield rose 4 bps to record high of 2.315%. Yields move inversely to bond prices. “As talks on the planned cuts to food taxes have been progressing, worries about the resources for the tax cuts grew,” said Katsutoshi Inadome, senior strategist at Sumitomo Mitsui Trust Asset Management. Japa...
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