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Japanese Government Bonds Continue Decline as BOJ Raises Rates to 30-Year High

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Japanese government bonds fell further on Monday as the Bank of Japan raised its benchmark rate to a 30-year high. The 10-year JGB yield climbed 7.5 basis points to 2.095%, the highest since February 1999, while the 2-year yield hit 1.12%, a 1997 high. Traders were unimpressed by the BOJ’s lack of future tightening guidance. On-chain data shows altcoins to watch are gaining traction amid shifting monetary policies. The yen rose 0.3% against the dollar to 157.25 after officials warned against recent weakness.
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