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JGB yields rise across curve on BOJ hike bets, higher global yields
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JGB yields rise across curve on BOJ hike bets, higher global yields
Jun 2, 2026 6:51 PM

TOKYO, June 3 (Reuters) - Japanese government bond (JGB)

yields rose across the curve on Wednesday, supported by firmer

Bank of Japan rate-hike expectations and a global backdrop of

elevated yields.

Here are a few details:

* The benchmark 10-year JGB yield climbed 2

basis points (bps) to 2.585%. Yields move inversely to bond

prices.

* U.S. Treasury and euro zone yields have remained

elevated in recent weeks on persistent inflation concerns and

shifting expectations for major central banks.

* Markets are awaiting a speech by BOJ

Governor Kazuo Ueda later on Wednesday for further policy clues

after recent hawkish signals and inflationary risks tied to the

Iran war-driven energy shock.

* "Attention is focused on whether he will offer any

hints regarding the June policy meeting or the future path of

interest rate hikes. Although selling pressure is likely to

dominate initially as a reaction to yesterday's sharp rebound,

underlying support from supply and demand remains, and the

market is expected to trade nervously," Sony Financial Group

senior economist Takayuki Miyajima said in a note.

* Finance Minister Satsuki Katayama said on Wednesday

that she is largely in alignment with Ueda on various aspects.

* The yield on the 40-year JGB, Japan's

longest tenor, added 1 bp to 3.755%, while the 30-year yield

was unchanged at 3.845%.

* The 20-year yield advanced 1 bp to

3.51%.

* The two-year yield, the one most

sensitive to BOJ's policy rates, advanced 2.5 bps to 1.400%,

while the five-year yield gained 3 bps to 1.885%.

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