In accordance with BitcoinWorld, Japan’s two-year government bond yield has surged to 1%, the highest level since 2008. The 5-year and 10-year bond yields also rose to 1.35% and 1.845%, respectively, signaling growing market expectations of a Bank of Japan rate hike. The yen strengthened 0.4% against the U.S. dollar, and market pricing suggests a 76% chance of a rate increase at the BOJ’s December 19 meeting.
Japan Bond Yield Hits 1% for First Time Since 2008
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