Mumbai, Aug. 26 -- Japan's 10-year government bond yield rose above 1.62% today, hitting its highest level since 2008, Yields across the board are gaining as the market is expecting that the Bank of Japan will resume its interest rate hike cycle. Today, the country's finance ministry held a liquidity enhancement auction for the bonds with remaining maturities of between 15.5 years and 39 years. The demand was weak overall. The 20-year bond yield eased 1.5 basis points to 2.63%, easing from a session high of 2.65%. he 30-year JGB yield fell 1.5 bps to 3.19%, after hitting a fresh high above 3.20%. .

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