Ultralong JGB yields face upward pressure from overseas investors

With historic high rates, swap markets signal risk of further rise ahead

20250508N yen

Yields on ultralong-term Japanese government debt have been rising, likely amid concern over the country's finances. © Reuters

GENKI IKUTA

TOKYO -- Foreign investors, now a significant presence in the market for ultralong-term Japanese government bonds, appear to be anticipating a rise in yields on the back of worsening Japanese finances.

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