On Thursday, the yield of Japanese two-year treasury bond rose 2 basis points to 1.865%, the highest level since April 1995. The rise of US treasury bond bond yield over the same period led to the rise of Japanese treasury bond bond yield. The market expects the Bank of Japan to raise interest rates by 25 basis points to 1.25% on Friday, and the key interest rate will rise to 2% within about a year. David Clewell, portfolio manager of Puxin Group, stated that the market is concerned about the extent to which the Bank of Japan will open the door to policy normalization to avoid a significant depreciation of the yen against the US dollar. At the same time, the yield of 40 year Japanese treasury bond fell by 5 basis points to 4.115%, and the yield of 20 year Japanese treasury bond fell by 1.5 basis points to 3.84%. (Source: Golden Ten Data)
