Core Viewpoint - Japan's 2-year government bond yield has reached its highest level since 2008, indicating market expectations of a closer interest rate hike by the Bank of Japan [1] Group 1: Bond Market - The 2-year Japanese government bond yield increased by 1 basis point to 1% [1] - The market is currently pricing in a 62% probability of a rate hike by the Bank of Japan during the policy decision on December 19, which is expected to rise to nearly 90% by the January meeting [1] - The Ministry of Finance plans to increase short-term debt issuance, adding 300 billion yen each for 2-year and 5-year bonds, and 6.3 trillion yen in treasury bills [1] Group 2: Currency Market - The yen appreciated against the dollar, rising by 0.3% to 155.77 [1] Group 3: Economic Policy - The increase in debt issuance is aimed at funding Prime Minister Fumio Kishida's economic stimulus plan, which is anticipated to put pressure on short-term Japanese government bonds [1]
日本两年期国债收益率自2008年以来首次升至1% 市场预期央行接近加息
Sou Hu Cai Jing·2025-12-01 00:56