IMF chief is concerned about high long-term rates in Japan and the U.S. The long end is the story everywhere now — when Japan's yields stop being pinned, global duration loses an anchor and equity mul

What happened: IMF Managing Director Kristalina Georgieva said in a Singapore speech she is concerned about soaring long-term interest rates in Japan and the United States, and called recent central bank rate hikes highly appropriate. Key numbers: Japan 10-year government bond yield at about a 30-year high; U.S. Why it matters: She said deteriorating fiscal conditions and ballooning public debt could affect the global economy and demand urgent, comprehensive policy responses, and suggested a prudently hawkish bias in monetary policy.

IMF Managing Director Kristalina Georgieva said in a Singapore speech she is concerned about soaring long-term interest rates in Japan and the United States, and called recent central bank rate hikes highly appropriate.

She said deteriorating fiscal conditions and ballooning public debt could affect the global economy and demand urgent, comprehensive policy responses, and suggested a prudently hawkish bias in monetary policy.