Business · Markets · 8 hrs ago

Japan's 10-year bond yield rises to 2.690%

Japan's 10-year bond yield rises to 2.690%

Japan's 10-year government bond yield rose to 2.690% in morning trading on Nov.

10.

The yield was up 0.025 percentage points from the previous day, while bond prices fell.

The move followed a rise in US long-term yields on Nov.

9, after strong gains in US artificial intelligence and semiconductor stocks improved investor sentiment.

Higher US yields put pressure on Japanese long-term bonds as investors sold them.

Japan's five-year government bond yield also rose, reaching 2.105%, up 0.020 percentage points from the previous day.

Bond yields affect the cost of borrowing, so shifts in long-term rates matter to governments, businesses and households.

The available information does not say what will happen to yields next.

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