


¥
₽
€
$
¥
NT$
₫
aed
₴
zł
R$
Rp
$
₼The analysis indicates that the key reason for the rise in long-term interest rates is fiscal deficits and government debt rather than monetary policy. Even in a non-crisis situation post-COVID-19, major countries are increasing deficits and government bond issuance.
The duration premium of the U.S. 10-year Treasury bond rose to 89.48bp as of the 17th, marking the highest level in 1 year and 3 months. As additional compensation for holding long-term bonds increases, the burden of long-term interest rates in the U.S. is growing.