2026-03-26 02:09:44

On March 26, Japan's two-year government bond yield climbed to its highest level since 1996 due to market expectations that the Bank of Japan will raise interest rates in the near term. The two-year Japanese government bond yield, which is highly sensitive to monetary policy expectations, rose 1 basis point on Thursday to 1.315%, surpassing the previous high of 1.31% touched last month. The ten-year JGB yield rose 2 basis points to 2.270%. Markets anticipate that oil price increases following the Iran conflict will trigger inflationary pressures.

Central banks worldwide have issued warnings about sustained price pressures, pushing up short-term yields, while traders have largely eliminated expectations of the Federal Reserve easing policy this year. Rising oil prices have also put pressure on the yen, further boosting market expectations that the Bank of Japan may need to continue tightening monetary policy. Overnight index swap data shows that the market expects a 64% probability of the Bank of Japan taking action in April. #Gate正式接入Polymarket

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