Japan's two-year government bond yield surged 5 basis points to 1.49%, its highest since May 1995, driven by increasing bets for accelerated Bank of Japan rate hikes. This comes as the yen hit a four-decade low against the US dollar. Analysts note the dollar's strength is also fueled by rising oil prices and expectations of Federal Reserve rate increases, with swap rates indicating an 80% chance of a 25-bp BOJ hike in October. Continued US dollar strength and global interest rate hike expectations could pressure international gold prices and potentially weaken the PKR, impacting local gold rates.
بحوالہ / Source: www.brecorder.com