JGBs Edge Lower, Tracking Declines in U.S. Treasurys
Dow Jones
7 hours ago
0012 GMT - JGBs edge lower in the early Tokyo session, tracking overnight price declines in U.S. Treasurys. JGBs and Treasurys tend to move in tandem. Japanese bonds may also be weighed by rising oil prices that typically lead to higher inflation in Japan and could result in a faster pace of BOJ rate increases. BOJ Gov. Ueda said that the central bank will consider policy action while examining the economy, prices and financial conditions. Focus is also likely to be on BOJ policy board member Takata's meeting today with business leaders in Hokkaido. The 10-year JGB yield is 1 bp higher at 3.000%.
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