Amundi predicts yields on long-maturity Japanese government debt could hit fresh record highs in the coming months on concern the country’s new prime minister will boost borrowing.
The 30-year JGB yield could go above 3.5%, almost 40 basis points higher than where it was trading on Wednesday, according to Claire Huang, senior EM macro strategist at the Amundi Investment Institute, the research arm of Europe’s largest asset manager.