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Japan two-year bond yield rises to highest in nearly 30 years on interest rate hike bets
Japanese government bond yields have risen, while bond prices have declined, tracking a broader global selloff in fixed-income markets. The move reflects mounting concerns over persistent inflation, driven by a surge in crude oil prices following the escalation of the US-Iran war. The two-year rate, which is sensitive to monetary policy expectations, rose 1 basis point to 1.315%, highest in nearly three decades, surpassing a previous high of 1.31% reached last month. The 10-year yield rose 2 basis points to 2.270%. [...]