Japan’s 30-Year JGB Yield Reaches Historic High at 3.405% as BoJ Rate-Hike Bets Rise

COINOTAG News reported on December 2 that the long end of the Japanese yield curve firmed as inflation stayed sticky and markets priced in a BOJ rate hike later this month. The 30-year Japanese government bond yield rose to 3.405%, up about 1.5 basis points. Traders cited central-bank policy signals as a catalyst, underscoring a tighter liquidity backdrop for risk assets and global funding costs that can influence crypto liquidity.

The BOJ governor signaled a thorough policy review ahead of the next meeting, reinforcing near-term tightening expectations. The 10-year yield held at 1.875%, illustrating a bifurcated fixed-income backdrop that crypto traders monitor for liquidity cues. In this context, the crypto market may see spillovers into Bitcoin and other major tokens as macro risk sentiment shifts.