Coupon for 10-yr Japan gov't bond raised to 2.4%, highest in over 28 yrs

The Finance Ministry on Thursday raised the coupon rate for a new 10-year Japanese government bond issuance to 2.4 percent, the highest in more than 28 years, reflecting a recent rise in long-term interest rates.The coupon rate, the interest rate stated on bonds at their issuance, rose from 2.1 percent set in January, February and March to the highest level since July 1997, the ministry said, on the back of a growing view in the market that the Bank of Japan could raise rates at its policy meeting later this month.The Middle East conflict and the surges in crude oil prices have posed the ri…READ FULL ARTICLE