Due to bond sell-offs, Japan's 30-year yield hits a 21-year high
ChainCatcher news, according to Jinshi, the yield on Japan's 30-year government bonds rose to a 21-year high on Wednesday, as investors sold off the most liquid bonds to raise cash amid a market meltdown triggered by U.S. trade tariffs.As the stock market and oil prices plummeted, the yield on 30-year Japanese bonds peaked at 2.785%, the highest level since August 2004, rising 22 basis points during the day to 2.715%. Katsuji Inadome, a senior strategist at Sumitomo Mitsui Trust Asset Management, said, "The yield on ultra-long-term bonds has risen to levels exceeding those before Trump announced the tariffs, it's like a panic sell-off." The Bank of Japan, the Ministry of Finance, and the Financial Services Agency will hold a meeting of senior officials starting at 15:00 Beijing time to discuss issues in the financial markets.