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Money Market Operations as on August 30, 2026

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Japan's Long-Term Yield Briefly Hits 2.95%, Highest in About 30 Years

Japan's benchmark long-term interest rate briefly climbed to 2.95% on August 31, its highest level in about 30 years, as investors sold government bonds on expectations of further Bank of Japan rate…

  • Japan's long-term yield briefly hit 2.95%, highest in ~30 years
  • Investors sold bonds anticipating Bank of Japan rate hikes
  • Global factors, including U.S. rate expectations, contributed to rise

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