Japanese government bond yields rise to records as elections fuel budget concerns; stocks and yen fall

Japanese government bonds (JGBs) fell, sending yields to record highs, while Tokyo stocks and the yen also fell after Prime Minister Sanae Takaichi’s call for early elections shook confidence in the country’s fiscal health.Takaichi’s new campaign promise to cut sales taxes on food sent the yield on 20-year Treasury notes soaring as much as 19.5 […]

Japanese government bond yields are rising as election promises fuel budget fears

Yields on long-term Japanese government bonds (JGBs) shot to record highs on Tuesday on concerns that tax cuts touted across the political spectrum ahead of February’s elections will test already stressed public finances. Demand fell at an auction of 20-year debt, which seemed to open the floodgates and send yields into uncharted territory where buyers […]