The yield on the benchmark Japan 10-year JGB rose to 0.1%, the highest in nearly seven months, amid a global rout in the bond market due to mounting concerns about supply disruptions and the timeline for the beginning of monetary policy tightening by major central banks. Meanwhile, market participants await the Bank of Japan monetary policy decision, where the bank is expected to keep rates unchanged and the target for the 10-year government bond yield at 0%. Moreover, the ruling coalition lost one of the two Upper House elections over the weekend ahead of a national general election due in the last day of the month. . source: Ministry of Finance, Japan
Historically, the Japan Government Bond 10Y reached an all time high of 7.59 in June of 1984. Japan Government Bond 10Y - data, forecasts, historical chart - was last updated on October of 2021.
The Japan Government Bond 10Y is expected to trade at 0.11 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate it to trade at 0.14 in 12 months time.