10年期公债收益率创18年来新高，受财政疑虑打击

Core Viewpoint - Japan's 10-year government bond yield reached an 18-year high due to concerns over government spending, rising by 3 basis points to 1.980%, the highest since June 2007 [1] Group 1: Government Spending Concerns - Reports indicate that the draft budget for fiscal year 2026 may exceed 120 trillion yen, setting a historical record, surpassing the current fiscal year's 115 trillion yen [1] - Increased spending concerns have led investors to sell off longer-term Japanese government bonds [1] Group 2: Market Reactions - Shorter-term bonds are being sold off in anticipation of a potential interest rate hike by the Bank of Japan [1] - The pressure on the 10-year government bond yield intensified in the afternoon, following weak results from the Bank of Japan's bond purchase operations for bonds with around 10 years of maturity [1]