Global Yields Climb

Global yields spike, as speculations gather steam over the Bank of Japan’s scaling back its stimulus measures.

Yields on 10-year Japanese bonds climbed to an almost 18-month high during Asian hours, apparently on anticipation that the upcoming  BOJ meeting on Tuesday might see the central bank reduce its bond-buying target and/or allow more room for interest rates in Japan to move around the zero-level.

10-year U.K. bonds’ yield climbed five basis points to 1.33 percent as of 10.56 a.m. in London, while German bunds’ yield rose four basis points to 0.44 percent.

Yield on U.S. Treasuries increased two basis points to 2.98 percent.