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Stock impact report

Japan's 10-Year Bond Yield Reaches Highest Since June 2009 [Yahoo! Finance Canada]

Mitsubishi UFJ Financial Group, Inc. (MUFG) 
Most Read from Bloomberg The yield on Japan's 10-year note is up 6.5 basis points, while government bond futures are down 64 ticks. Forty-year yields jumped 10 basis points to 2.845%, the highest since its inception in 2007. This comes as the 10-year German bund yield soared as much as 31bps, which helped drive up yields globally. READ: German Debt Has Worst Day Since Aftermath of Berlin Wall's Fall The moves in German debt are due to a dramatic change in the country's spending plans for defense and infrastructure investments. Japanese yields are also rising as investors speculate that the Bank of Japan will continue to hike rates, with Deputy Governor Shinichi Uchida signaling that the benchmark interest rate remains on a gradual upward path in his speech on Wednesday. Caution surrounding the 30-year bond auction later Thursday is also weighing on bonds. READ: BOJ's Deputy Chief Hints at More Rate Hikes, Without Rushing (1) “Investors may not have expected developments t Show less Read more
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