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Key 10-Year JGB Yield Briefly Hits 30-Year High of 2.95 Pct
The yield on the most recent 10-year Japanese government bond issue, a key long-term interest rate, briefly hit a 30-year high of 2.95 pct on JGB selling in Tokyo interdealer trading Monday. According to Japan Bond Trading Co., the yield on the 383rd issue marked the highest level for a benchmark yield since October 1996. It rose after U.S. long-term interest rates increased over the weekend, following a speech by U.S. Federal Reserve Chairman Kevin Warsh that spurred anticipation for an early policy rate hike. [...]