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Japan 2-year yields rise to 31-year high as auctions, rate hikes loom

The two-year Japanese government bond (JGB) yield rose to a 31-year high on Monday amid rising bets on central bank rate hikes and an uncertain environment for debt auctions later in the week. Here are a few details: The two-year yield, the one most sensitive to Bank of Japan policy rates, added 0.5 basis point (bp) to 1.730%, a level not seen since April 1995. [...]