Fiscal Fears Push More Japan Bond Yields to Multi-Decade Highs

Japan’s longer-maturity sovereign bonds fell sharply over renewed fiscal concerns ahead of the government’s first economic package expected to be unveiled as soon as this week.

The drop in the nation’s bonds echoed volatility in US and UK markets, where jitters remain after a slump late last week. Japan’s 20-year bond yield jumped to its highest level since 1999 on Monday, and the 30- and 40-year rates climbed about 5 basis points.