Japan Debt Is Close to Yielding More Than U.K.’s for First Time
- Spread between U.K. and Japan’s bond yields is close to zero
- Concern over U.K.’s future driving demand for safety of bonds
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The U.K.’s bonds are just a few basis points away from yielding less than Japan’s, known for their ultra-low rates.
The spread between the nations’ five-year bonds has shrunk to about six basis points this week, a record based on closing data. The gaps between the countries’ two- and 30-year bonds aren’t far off.