Japan’s 10-year government bond yield hits 3% for the first time since the start of this century.
1 hours ago
Japan’s 10-year government bond yield hit 3% for the first time this century, a key milestone for a bond market where benchmark borrowing costs had long hovered near zero and are now gradually returning to normal. On Tuesday, the yield rose as much as 6 basis points to 3%, its highest level since 1996. A year ago, the yield was only half of its current level, highlighting the rapid shift that is rippling through Japan’s economy and global financial markets. Since the Bank of Japan (BOJ) ended the world’s last remaining negative interest rate policy in 2024, the dynamics of this government bond market have changed dramatically. Bond prices, once dominated by the BOJ, are now largely determined by domestic and international investors. Rather than following the central bank’s policy moves, these investors base their trading decisions on inflation and growth outlooks, as well as the risk and return of Japanese government bonds relative to other assets.
Runway has launched an App World Model that enables users to generate full app interfaces directly without any coding.
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Hong Kong stocks closed, with the Hang Seng Tech Index down nearly 1.5% and MINIMAX falling nearly 4.2%.
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Analysis: In August, only large wallets added approximately 60,000 BTC, while small holders continued to reduce their holdings.
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Bitcoin fell below $78,000, with a daily decline of 0.77%.
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Upbit has designated Injective (INJ) as a trading alert asset.
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Spot gold fell more than 1% on the day, currently trading at $4,404.47.
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