Japan’s 40-year bond yield hits 4% record on fiscal jitters following election call
2026-01-20 10:18:11 source：CNBC
January 19, 2026
Japan’s 40-year government bond yield hit a record high on Tuesday amid a broad selloff in government bonds, as investors worried that proposed cuts to the food sales tax could worsen the country’s fiscal position.
The long-dated yield rose more than five basis points to 4%, the highest level since the 40-year maturity was introduced.
Yields on shorter maturities climbed sharply as well. The 10-year Japan government bond yield rose by over six basis points to 2.3%, the highest level since 1999, while yields on the 20-year tenor jumped by around 9 basis points to 3.35%.
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