10-year JGB yields hit 0.80%, first time since 2013

<p>Higher yields is the name of the game right now and despite <a href="https://www.forexlive.com/news/boj-to-conduct-unscheduled-bond-buying-operation-to-tamp-down-rates-20230929/" target="_blank" rel="follow">efforts by the BOJ</a> to try and limit that, they might be finding it tough to swim against the current – even in a market that they pretty much monopolise. 10-year Treasury yields are also seen up to 4.85% today and that is driving a selloff in global bonds which is hard to go up against.</p><p>As much as the BOJ does not want yields to rise up too quickly to its 1% threshold, that may be a case in point that they have to deal with sooner rather than later if the selling in broader markets keep up.</p>

This article was written by Justin Low at www.forexlive.com.