On May 15, according to CCTV, the yield on newly issued 10-year government bonds, which serves as a long-term interest rate indicator in Japan's domestic bond market, rose to 2.665%, reaching its highest level in nearly 29 years. This increase is attributed to inflationary pressures from rising oil prices and market concerns about the deterioration of fiscal policy due to Japan's domestic economic measures, leading to selling pressure on bonds. (Dongxin News Agency)
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Japan's 10-Year Government Bond Yield Reaches Highest Level in Nearly 29 Years
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