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Japan's Long-Term Interest Rate Climbs to 3.115%, Highest in 30 Years

Japan's benchmark long-term interest rate climbed to 3.115% during trading, reaching its highest level in nearly 30 years for the second consecutive day as persistent inflation concerns and…

  • Japan's long-term interest rate hit 3.115%, highest in 30 years
  • Inflation concerns and rate hike expectations drove the rise
  • Bond yields rose as investors sold government bonds

Fed proposes stablecoin rules

In a statement issued alongside proposed rules, Fed Gov. Michael Barr said stablecoins “will only be stable if they can be reliably and promptly redeemed at par in a range of conditions.”

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