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Sovereign Debt

UK
2026-10-06 19:31:01

UK appoints six banks to lead first digital-native government bond pilot

The UK government has appointed six banks to lead a pilot for its first digital-native government bond, known as DIGIT. The pilot is designed to test distributed ledger technology, or DLT, in the issuance process and to examine on-chain settlement for UK sovereign debt. Under the current timeline, the bond is expected to be issued in the first quarter of 2027. The update was reported by Techub, citing Cointelegraph. No further details on the participating banks or the size of the planned issuance were disclosed in the source material provided. The announcement centers on the structure and timing of the pilot rather than commercial terms.

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UK appoints six banks to lead first digital-native government bond pilot
Policy Regula
2026-09-02 02:05:58

Global sovereign debt repricing deepens as Treasury yields rebound and Japan’s 10-year hits 3%

A rebound in U.S. Treasury yields has erased the brief relief that followed Treasury Secretary Bessent’s Aug. 19 announcement of an expanded Treasury buyback program. The 30-year U.S. yield has climbed to 5.27%, back to the level seen before the announcement, while the 10-year is hovering near 4.8%, its highest point since January 2025 and more than 10 basis points above that earlier level. The 2-year yield has risen to 4.40%, with markets pricing the probability of a Federal Reserve rate hike this month at about 70%. The repricing is not confined to the U.S. Japan’s 10-year government bond yield has reached 3% for the first time since 1996, the U.K.’s 30-year yield is at its highest since 1998, and Germany’s 30-year yield has climbed to its highest level since 2011. Bloomberg’s global sovereign bond index yield has also moved to a nearly 20-year high. Rising oil prices, ongoing tensions in the Middle East, and firmer expectations for rate hikes by the European Central Bank, the Bank of Japan, and the Reserve Bank of Australia and Reserve Bank of New Zealand are all part of the backdrop described in the report.

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Global sovereign debt repricing deepens as Treasury yields rebound and Japan’s 10-year hits 3%
global bond m
2026-08-19 03:00:00

Long-Dated Sovereign Yields Surge Across the U.S., Europe and Japan as Global Bond Selloff Deepens

Global sovereign bond markets are going through one of their sharpest selloffs in decades, with long-dated yields rising under pressure from inflation concerns, fiscal expansion and a structural decline in demand from traditional buyers. In the U.S., the 30-year Treasury yield touched 5.33% this week, its highest level since 2007, while comparable yields in France, Germany, the U.K. and Japan also climbed to multi-year highs. According to figures cited by Wallstreetcn and Bloomberg-compiled data, the average yield on a benchmark basket of investment-grade sovereign debt has risen to about 4.5%, the highest since records began in 2015. The report says the move is being driven less by a jump in inflation expectations and more by higher real yields, as investors demand more compensation to hold long-duration debt. On the supply side, heavier issuance by governments and even tech companies is adding pressure, while on the demand side, pensions and other traditional long-bond buyers are becoming less dominant. Strategists and asset managers remain divided on whether the repricing now offers value or whether yields may need to rise further before returns on long-duration bonds become more attractive.

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Long-Dated Sovereign Yields Surge Across the U.S., Europe and Japan as Global Bond Selloff Deepens