JGB yields rise on Treasury moves and BOJ tightening expectations
Updated
Updated · The Wall Street Journal · May 8
JGB yields rise on Treasury moves and BOJ tightening expectations
5 articles · Updated · The Wall Street Journal · May 8
In early Tokyo trade, the 10-year yield rose 1 basis point to 2.485% and the 30-year yield gained 1 basis point to 3.735%.
The move followed overnight declines in US Treasury prices, with Japanese government bonds and Treasurys often moving in tandem.
Capital Economics said stronger Japanese labour cash earnings support further Bank of Japan tightening and kept its forecast for the policy rate to reach 1% in June.
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