Japanese government bond yields surged, with the two-year yield hitting a 29-year high of 1.51% and the 30-year yield reaching 4%, highest since July 9. This rise is driven by a weakening yen and oil prices settling above $100, increasing bets for the Bank of Japan to raise interest rates sooner, possibly in October. Inflation concerns are mounting, leading to a sell-off in super-long bonds. Such global monetary tightening prospects and inflation signals could influence international gold prices and indirectly impact the USD/PKR rate.
بحوالہ / Source: www.brecorder.com