The long-term interest rate, which is also a guideline for mortgage interest rates, has risen to 0.1% for the first time in two years and three months.
This is because long-term interest rates have risen in the United States due to expectations for economic recovery, and there is a movement to sell government bonds in Japan to direct funds to relatively high-risk financial products.
A typical index for long-term interest rates is the yield of government bonds with a maturity of 10 years, and banks use this as a guide to determine mortgage interest rates.
When government bonds are sold, prices will fall while yields will rise, but in the bond market on the 19th, sales orders for government bonds increased, and long-term interest rates rose from 0.09% on the 18th to 0.1%.
This is the first level in 2 years and 3 months since November 2018.
In the United States, long-term interest rates are rising due to expectations for economic recovery, and even in Japan, there are moves to sell government bonds in an attempt to direct funds to financial products with relatively high risks.
Market officials said, "Japan's long-term interest rates are still at a low level, but it is likely to rise due to the movement of the United States. I would like to carefully watch how it will change in the future." I will.