Japanese Bonds Risk Liz Truss Moment as Election Jolts Market
Yields on bonds with maturities of 20 years and beyond have risen at least 20 basis points this month, part of a wave of selling in global bond markets as investors increasingly worry about government finances. That has put the spotlight on a weekend election for Japan's upper house, which local media think may end in disappointment for the ruling Liberal Democratic Party and its coalition partner.
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