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G7 Finance Leaders Set to Discuss Global Bond Market Volatility Amid Yield Swings
Overview of G7 Finance Discussions on Bond Market Volatility
TOKYO, May 15 (Reuters) – Japanese Finance Minister Satsuki Katayama said on Friday that Group of Seven finance chiefs are likely to discuss recent volatility in global bond markets as sharp moves in Japan, the United States and Britain ripple across major markets.
Recent Trends in Major Bond Markets
“We’ve seen bond yields rise across all three major markets,” Katayama said at a regular press conference, citing bond selloffs in Japan, the U.S. and Britain.
Interconnected Market Movements
“These moves appear to be reinforcing each other across the major markets. How to assess this situation is likely to be a topic of discussion at the G7 finance meetings,” she said.
Japanese Government Bonds Under Pressure
Benchmark Japanese government bonds (JGB) have come under sustained pressure this week, with the 10-year yield nearing a three-decade high above 2.66%, as inflation fears and fiscal concerns mounted.
Upcoming G7 Finance Meetings
The G7 finance ministers and central bank governors are scheduled to meet in Paris on Monday and Tuesday.
(Reporting by Makiko Yamazaki, Editing by Chang-Ran Kim and Jacqueline Wong)
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