Japan’s Bond Market: 10-Year Relief, 30-Year Test Ahead
Japan’s 10-year bond sale brought some much-needed relief today, showing strong demand and pushing yields lower. This positive outcome comes just ahead of a crucial 30-year bond auction on Thursday, which will truly test investor appetite for longer-term debt. Globally, confidence in long-maturity bonds has been shaky due to massive budget deficits. In Japan, the … Read more