Japan’s long-bond yields surge to record highs. Why it may be a problem beyond Tokyo.



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Japan’s long-bond yields surged to record highs on Tuesday, pushing up global borrowing costs, as investors balked at the prospect of tax cuts and a sharp increase in government spending.

The 40-year bond yield

BX:TMBMKJP-40Y spiked 27 basis points to 4.215%, trading at its highest level since the maturity was introduced in 2007.


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