Japan's super-long bond yields soar to records as market frets about demand

TOKYO (Reuters) -The longest-dated Japanese government bond yields soared to all-time highs on Tuesday, as investors' worries about demand for the debts flared following a poor auction of 20-year securities. Super-long JGB yields have been rising for weeks against a backdrop of elevated U.S. Treasury yields and worries about fiscal stimulus ahead of a crucial upper house election slated for July, in a headache for the Bank of Japan that may soon be compelled to act. On Monday, he told parliament that Japan's fiscal situation was worse than Greece's at the height of the European debt crisis, according to local media reports.

Reuters

1 hour ago