TOKYO, April 18 (Reuters) - Japanese government bond
(JGB) yields fell on Thursday, tracking overnight U.S. Treasury
yields lower, with the market shrugging off comments from a Bank
of Japan (BOJ) board member.
The 10-year JGB yield fell 2.5 basis points
(bps) to 0.86%, slipping from 0.885%, its highest level since
Nov. 13.
U.S. Treasury yields dipped on Wednesday, slowing a
week-long selloff that had pushed benchmark 10-year Treasury
yields to their highest levels since November.
Earlier in the day, BOJ board member Asahi Noguchi, known
for his dovish views, said the pace of future interest rate
hikes would likely be much slower than that of its global peers
in recent tightenings.
"His dovish stance was not fully reflected in his comments
today," said chief bond strategist at Mizuho Securities.
The BOJ last month ended its negative rate, setting the
overnight call rate as its new policy rate and decided to guide
it in a range of 0-0.1%.
The market is betting there will be another rate hike this
year, helping the policy-sensitive two-year JGB yield
rise to 0.28%, its highest level since November
2009, for a second session.
The two-year bond yield was last down at 0.27%, while the
five-year yield fell 2 bps to 0.470%.
The 20-year JGB yield fell 4 bps to 1.625%
and the 30-year JGB yield fell 3 bps to 1.910%.