Flash: Japanese 10 yr yields jump over 1.0% recently - BBH

FXstreet.com (Barcelona) - Brown Brothers Harriman analysts note that Japanese government yields, which have been rising in recent days, initially jumped to 1.0% on the 10-year yield.

They add that this is almost triple the rate seen on the day before the BOJ announced its massive easing operation in early April. They write, “The bond market recovered as the stock market tanked. The rise in Japanese yields hurts the financial sector as they are large holders of government bonds. The financial index within the Nikkei shed 10.4% today, leading the market lower. Regional markets also tumbled with the MSCI Asia-Pacific Index off about 3.3%.”