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Japan bond yields rise as US Treasury selloff persists, BOJ outlook in focus
TOKYO: Japanese government bond yields rose on Thursday, tracking higher US Treasury yields overnight, as investors remained concerned about inflation risks and the future pace of central bank rate hikes. Here are a few details: The benchmark 10-year JGB yield rose 5 basis points (bps) to 3.11%. Yields move inversely to bond prices. US Treasury yields rose overnight despite a softer Personal Consumption Expenditures price index reading for August that tempered expectations for a Fed rate hike this month, more so on revised gross domestic product data and ADP job data that highlighted resilie...
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