Japan yields scale 15-year peaks, bank shares surge as BOJ hikes rates
Short-term Japanese government bond yields scaled 15-year peaks and Japanese bank shares soared on Wednesday as the Bank of Japan raised interest rates for only the second time since 2007 while announcing a halving of its monthly bond buying.
The two-year JGB yield jumped as much as 8.5 basis points (bps) to reach 0.455% for the first time since April 2009. The five-year yield added as much as 8 bps to 0.665%, the highest since November 2009.
Source: REUTER