Major government bond yields hit it highest levels in months, as Chinese officials have recommended slowing or halting US government bonds purchasing. 10-year US treasury yields hits a 10-month high of 2.59% during the European session and by 4 basis points on the day, so the dollar reached lowest level in six weeks against Japanese Yen.
10-year Germany’s bond yields reached its highest level since ECB announced extension of bond purchasing program in October.
Many factors have pushed yields higher in recent weeks, with global growth and higher oil prices, leading investors to speculate that major central banks might withdraw from stimulus programs soon, and maybe the move by BoJ Yesterday was a start.
The Japanese government yields also ticked up by 0.080%, which is the highest range in several months.
