Bonds

The global bond market experienced a sharp selloff as the benchmark 10-year Japanese government bond (JGB) yield surged past 1.5%, reaching its highest level since June 2009 in Tokyo trading on Thursday. This comes just a day after the 10-year German Bund yield—a key global borrowing cost benchmark—saw its biggest single-day rise since the 1990s, triggered by Berlin’s decision to unlock hundreds

The Japanese government is set to issue bonds worth 6,690 billion yen ($44 billion) in fiscal 2024,to finance nearly half of a supplementary budget with general-account expenditure of 13,943.3 billion yen, local media reported on Thursday (Nov. 28). The budget is being compiled to pay for an economic stimulus package aimed at cushioning the blow to low-income households from rising prices. The

British multinational universal bank Barclays estimates that emerging market sovereign international bond sales will reach as much as $160 billion this year, and around $130 billion next year, according to a Reuters report. A sovereign bond is a debt security issued by a national government to raise money for its operations, pay down old debt, pay interest on current debt. Bond supply