Japan 10-year gov't bond yield rises to 2.020%, highest since 1999

The yield on Japan's benchmark 10-year government bond rose to 2.020 percent on Friday, closing at its highest level since February 1999, after the Bank of Japan raised its key interest rate to a 30-year high of around 0.75 percent.The barometer of long-term interest rates also climbed on concern over Japan's fiscal health, fueled by a possible massive spending plan implemented under Prime Minister Sanae Takaichi, a fiscal dove. Bond yields move inversely to prices.The yen weakened to the upper 156 yen level against the U.S. dollar after BOJ Governor Kazuo Ueda refrained from providing clea…READ FULL ARTICLE