日本参议院选举前引发财政忧虑 日债收益率逼近历史高位

Core Viewpoint - Japan's long-term government bond yields are rising sharply, approaching historical highs, driven by concerns over fiscal policy ahead of the upcoming Senate elections [1] Group 1: Bond Market Reaction - The 30-year government bond yield increased by 10.5 basis points to 3.145%, nearing the historical peak of 3.185% set in May [1] - The 20-year bond yield rose by 12 basis points to 2.620%, the highest level since October 2000 [1] - The 10-year bond yield increased by 7 basis points, while the 40-year bond yield rose by 9 basis points to 3.415% [1] Group 2: Political Context - The upcoming Senate elections on July 20 have become a focal point, with local media polls indicating that the ruling coalition may lose its majority [1] - Politicians are promising increased government spending and tax cuts to attract voters, which could exacerbate the national debt burden [1] - Miki Den, a senior interest rate strategist at Sumitomo Mitsui Trust Securities, noted that the bond market is taking measures to reduce risk ahead of the elections [1]