Japan’s 20-Year Yield Rises to Highest Since 1999 on Fiscal Woes

Japan’s 20-year government bond yields climbed to fresh multi-decade highs, driven by persistent concerns over fiscal expansion and fading demand from key investors.

The so-called super-long yield briefly touched 2.655% on Thursday, surpassing its previous high in 1999. The benchmark 10-year yield climbed to 1.61%, a level unseen since 2008. Meanwhile, yields on 30-year notes rose to 3.18%, approaching the all-time peak of 3.2% seen in July.