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MNI BRIEF: 10-Yr JGB Yield Rises to 1%; Highest Since May 2013

(MNI) TOKYO

The yield on the 10-year Japanese government bond yield rose to 1.0% on Wednesday from 0.980% on Tuesday amid lingering concern over lower bond buying by the Bank of Japan and an earlier-than-expected rate hike.

The tepid results of the 40-year bond auction also drove the increase.

However, a further rise in JGB yields will be somewhat impeded by investors’ bargain-hunting.

MNI reported this week BOJ board members were watching the market and considering plans to further lower JGB buying operations. (See MNI POLICY: BOJ Board Weighs Pace, Scale Of JGB Reductions)

MNI Tokyo Bureau | +81 90-2175-0040 | hiroshi.inoue@marketnews.com
MNI Tokyo Bureau | +81 90-2175-0040 | hiroshi.inoue@marketnews.com

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