JGBs slide on spending and BOJ prospects, short-term yields hit 17-year high

Japanese government bonds experienced a downturn Wednesday, with short-term yields hitting 17-year peaks. Investors are scrutinizing the financial implications of a substantial stimulus package and the possibility of an imminent interest rate hike by the Bank of Japan. Concerns linger over the market’s capacity to absorb increased government debt amidst evolving economic signals.