Yield on 10-yr Japan gov't bond hits 1.515%, highest since June 2009

The yield on the benchmark 10-year Japanese government bond hit 1.515 percent Thursday, its highest level since June 2009, amid speculation the Bank of Japan will further raise its key policy rate and a sharp rise in yields on long-term German government bonds.The increase in the key barometer of long-term interest rates came after BOJ Deputy Governor Shinichi Uchida said Wednesday that the central bank intends to continue raising its short-term policy rate if the economy and prices move in line with projections.Parties in talks to form Germany's next government reportedly agreed to loosen …READ FULL ARTICLE