Japan's 30-year bond yield hits 21-year high

Odaily News Japan's 30-year bond yields rose to a 21-year high on Wednesday as investors dumped the most liquid bonds to raise cash amid a market rout sparked by U.S. trade tariffs. The 30-year bond yield rose as high as 2.785%, the highest since August 2004, and was up 22 basis points on the day at 2.715% as stocks and oil prices plunged. "Ultra-long bond yields have risen to levels beyond the level before Trump announced the tariffs, which is like panic selling," said Katsutoshi Inadome, senior strategist at Sumitomo Mitsui Trust Asset Management.

The Bank of Japan, the Ministry of Finance and the Financial Services Agency will hold a meeting of senior officials from 15:00 Beijing time to discuss financial market issues. (Jinshi)