Japanese 10-year JGB yield rises to 2.990% ahead of Fed, BOJ meetings

  • Japanese government bond yields rose amid expectations for faster Bank of Japan rate increases.
  • The 10-year JGB yield gained half a basis point to 2.990% at 0119 GMT.
  • Investors monitored Fed and BOJ meetings, the Iran conflict, and energy prices.

Japanese government bond yields moved higher as expectations for faster Bank of Japan rate increases persisted. The 10-year JGB yield rose half a basis point to 2.990% at 0119 GMT, following gains in U.S. Treasury yields on Friday after firm U.S. consumer inflation data. Investors are watching for policy developments ahead of Federal Reserve and BOJ meetings later this week, alongside the Iran conflict and energy prices.

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