Japan ultralong bonds fuel volatility in global markets

Demand suffers at latest auction amid fiscal uncertainties

20250528N Japan sign board

Japanese bond yields are seeing a greater correlation with yields overseas. (Photo by Yutaka Miyaguchi)

YUKA KAWAI and RYO SAEKI

TOKYO -- Yields on ultralong Japanese government bonds are wielding greater influence on the global market as fiscal concerns mount in Japan and the U.S., in addition to growing interest in the notes from foreign investors.

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