TOKYO -- Japan's benchmark long-term interest rate reached a new nine-year high Tuesday on mounting expectations that the Bank of Japan will drop its negative interest rate policy sooner than once thought.
Bonds
Japan 10-year bond yields hit 9-year high on lookout for BOJ shift
Interest rate derivatives start to price in expectations of early end to negative rates
Speculation is mounting that the Bank of Japan will end its negative interest rate policy in early 2024, or even late this year. © Reuters
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