Japan’s yield curve – a line linking yields at increasing tenors, which in most countries is an arc with higher yields for longer-term bonds – has also grown a kink.

Source: https://financialpost.com/pmn/business-pmn/what-is-happening-in-japans-bond-market

“Offering N108.1 billion worth of Treasury Bills with three tenors to the investing public, which can help reduce liquidity in the banking system and support government fundraising.’

Source: https://guardian.ng/news/cbn-plans-new-round-of-recapitalisation-for-banks/

Returns on Treasury notes have also increased since the beginning of the year, rising to an average of 12.0% for all three tenors in the most recent auction.

Source: https://www.pulse.ng/business/international/see-the-billion-dollar-sectors-that-profited-investors-in-kenya-the-most-in-2023-so/ln7qtn2

“We believe that a credible yield curve must arise from active trading of marketable securities, provide yields for various tenors, make these yields usable to all parties, and can be replicated as needed,” Medalla explained.

Source: https://businessmirror.com.ph/2023/06/22/phl-creates-overnight-rate-as-libor-era-ends/