In the New York bond market on the 10th, long-term interest rates rose to the 2% level for the first time in about two and a half years from the view that the pace of monetary tightening will accelerate as the US continues record inflation.

In the New York bond market on the 10th, the FRB (Federal Reserve Board), the central bank, financed the US Treasury's consumer price index released today, rising 7.5% compared to the same month of the previous year. US Treasuries were sold as the view of accelerating the tightening pace was strengthened, and the yield of 10-year government bonds, which is an indicator of long-term interest rates, temporarily rose to the 2% level.

It is the first time in about two and a half years since August 2019 to reach the 2% level.



In response to this, in the New York foreign exchange market, the movement to buy dollars with rising interest rates and sell yen became stronger, and the yen exchange rate temporarily dropped to the low 116 yen level per dollar.



US long-term interest rates have been humbled below 1% at one point since the Fed introduced the zero interest rate policy and quantitative easing measures in March, but have since risen against the backdrop of the recovery of the US economy and inflation. It turned to.



Market officials said, "If long-term interest rates rise, it will affect corporate financing and mortgage interest rates, but there are many views that the upward trend will continue for the time being," and if long-term interest rates continue to rise, the United States There are also concerns that it will affect the economic recovery.