Uploaded August 2026 | Updated September 2026, 2 weeks ago
Japanese government bond yields sit at record highs as the Bank of Japan shrinks its holdings and price sensitive investors set the long end.
David Scutt, StoneX Media Senior Market Analyst, breaks down why the long end of the Japanese curve has backed up far more than the front end.
The gap between short dated and long dated Japanese government bonds now reflects risk compensation rather than Bank of Japan rate expectations alone. Yield curve steepening, heavy long dated JGB supply and rising term premium are appearing across major bond markets as central banks let holdings roll off. Higher long term yields lift discount rates and the bar for risk assets.
Discover Actionable Insights with the latest Market Outlook Reports: intel.stonex.com/offer?language=en&campaignId=A908C315-DC62-4F35-AC16-870BB71E84D1&utm_source=youtube&utm_medium=social&utm_campaign=sxtv_guest_david_scutt&utm_content=share
00:00 - Japan's Yield Anchor Breaks
01:27 - BOJ Balance Sheet Runs Down
02:21 - Now Real Buyers Set Prices
02:47 - Yields Rise or the Yen Does
04:11 - Term Premium Comes Back
05:01 - Risk Assets Feel the Squeeze
Like and subscribe for more financial market insights.
#BankOfJapan #Bonds #Yen #StoneX #DavidScutt
Japanese government bond yields sit at record highs as the Bank of Japan shrinks its holdings and price sensitive investors set the long end.
David Scutt, StoneX Media Senior Market Analyst, breaks down why the long end of the Japanese curve has backed up far more than the front end.
The gap between short dated and long dated Japanese government bonds now reflects risk compensation rather than Bank of Japan rate expectations alone. Yield curve steepening, heavy long dated JGB supply and rising term premium are appearing across major bond markets as central banks let holdings roll off. Higher long term yields lift discount rates and the bar for risk assets.
Discover Actionable Insights with the latest Market Outlook Reports: intel.stonex.com/offer?language=en&campaignId=A908C315-DC62-4F35-AC16-870BB71E84D1&utm_source=youtube&utm_medium=social&utm_campaign=sxtv_guest_david_scutt&utm_content=share
00:00 - Japan's Yield Anchor Breaks
01:27 - BOJ Balance Sheet Runs Down
02:21 - Now Real Buyers Set Prices
02:47 - Yields Rise or the Yen Does
04:11 - Term Premium Comes Back
05:01 - Risk Assets Feel the Squeeze
Like and subscribe for more financial market insights.
#BankOfJapan #Bonds #Yen #StoneX #DavidScutt
