Treasury
3-MO 4.24% unch 6-MO 4.33% -1bp 1-YR 4.50% -1bp 2-YR 4.81% -6bp 3-YR 4.94% -5bp 5-YR 4.98% -5bp 7-YR 5.06% -4bp 10-YR 5.17% -1bp 20-YR 5.54% +1bp 30-YR 5.49% +2bp 3-MO 4.24% unch 6-MO 4.33% -1bp 1-YR 4.50% -1bp 2-YR 4.81% -6bp 3-YR 4.94% -5bp 5-YR 4.98% -5bp 7-YR 5.06% -4bp 10-YR 5.17% -1bp 20-YR 5.54% +1bp 30-YR 5.49% +2bp 3-MO 4.24% unch 6-MO 4.33% -1bp 1-YR 4.50% -1bp 2-YR 4.81% -6bp 3-YR 4.94% -5bp 5-YR 4.98% -5bp 7-YR 5.06% -4bp 10-YR 5.17% -1bp 20-YR 5.54% +1bp 30-YR 5.49% +2bp 3-MO 4.24% unch 6-MO 4.33% -1bp 1-YR 4.50% -1bp 2-YR 4.81% -6bp 3-YR 4.94% -5bp 5-YR 4.98% -5bp 7-YR 5.06% -4bp 10-YR 5.17% -1bp 20-YR 5.54% +1bp 30-YR 5.49% +2bp 3-MO 4.24% unch 6-MO 4.33% -1bp 1-YR 4.50% -1bp 2-YR 4.81% -6bp 3-YR 4.94% -5bp 5-YR 4.98% -5bp 7-YR 5.06% -4bp 10-YR 5.17% -1bp 20-YR 5.54% +1bp 30-YR 5.49% +2bp 3-MO 4.24% unch 6-MO 4.33% -1bp 1-YR 4.50% -1bp 2-YR 4.81% -6bp 3-YR 4.94% -5bp 5-YR 4.98% -5bp 7-YR 5.06% -4bp 10-YR 5.17% -1bp 20-YR 5.54% +1bp 30-YR 5.49% +2bp
US Treasury par yield curve · Sep 25 · Source: U.S. Treasury
Monday, September 28, 2026
U.S. Edition
MONEY & WORLD
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Bank of Japan

Bank of Japan minutes say the policy job is shifting from lifting inflation to anchoring it around 2 percent

Money & World
The Editorial Team ·
The Bank of Japan head office seen from above, with its green copper roof and central glass dome.
Photo: Norio NAKAYAMA / Wikimedia Commons (CC BY-SA 2.0)

The Bank of Japan is moving from trying to lift underlying inflation to guarding it around 2 percent, according to minutes released Monday in Tokyo.

Many Policy Board members said that shift was already under way at the July 30 and 31 meeting. They also said the Bank needed to explain the change more clearly to the public.

The rate did not move.

Most members backed keeping the overnight call rate around 1.0 percent. Some said the Bank should watch the effects of June's increase because a rate move can take roughly one to one and a half years to reach the economy.

One member said markets appeared to expect increases about six months apart. That member argued the Bank should not adhere to a fixed pace as other central banks moved into a phase of higher rates, and that the size of an increase should also be discussed.

Takata Hajime proposed 1.25 percent. The other eight members voted against him.

The document: Bank of Japan, minutes of the July 30 and 31, 2026 Monetary Policy Meeting.

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