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JGBs steady as central bank decisions loom
TOKYO: Japanese government bonds (JGBs) held steady on Monday as markets headed into the home stretch of key central bank meetings this week. Here are a few details: The benchmark 10-year JGB yield slipped 0.5 basis point (bp) to 2.980%. Yields move inversely to bond prices. Market participants are focused on the Bank of Japan’s policy meeting on September 17-18, where the central bank is widely expected to raise rates by 25 basis points to 1.25%, following hawkish signals from Governor Kazuo Ueda and firm inflation data. “Speculation regarding the Bank of Japan’s interest rate hike path is ...
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