The Economic Information Daily reported on the 6th that Japan's Ministry of Finance raised the coupon rate for its 10-year government bond auction on Tuesday from 2.7% in July to September to 3.1%, reaching the highest level since the auction on August 21, 1996, about 30 years ago.
The 10-year Japanese government bond will be issued on Wednesday (7th). Influenced by rising oil prices triggering inflation concerns and upward pressure on U.S. long-term interest rates, the yield on 10-year government bonds, a benchmark for long-term interest rates, is currently on an upward trend, and this coupon rate is close to the market's actual interest rate.
Government bonds are bonds issued by a country to borrow money. If the coupon rate of newly issued government bonds is lower than the market interest rate, they become less attractive. Therefore, the Ministry of Finance generally adjusts the rate once every three months. (yc)
The 10-year Japanese government bond will be issued on Wednesday (7th). Influenced by rising oil prices triggering inflation concerns and upward pressure on U.S. long-term interest rates, the yield on 10-year government bonds, a benchmark for long-term interest rates, is currently on an upward trend, and this coupon rate is close to the market's actual interest rate.
Government bonds are bonds issued by a country to borrow money. If the coupon rate of newly issued government bonds is lower than the market interest rate, they become less attractive. Therefore, the Ministry of Finance generally adjusts the rate once every three months. (yc)
