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JGB yields rise ahead of auctions, BOJ deputy chief speech 
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JGB yields rise ahead of auctions, BOJ deputy chief speech 
Mar 2, 2025 10:45 PM

TOKYO, March 3 (Reuters) - Japanese government bond

(JGB) yields rose on Monday as market players awaited auctions

of 10- and 30-year bonds and comments from the Bank of Japan

deputy governor this week for rate-hike clues.

The 10-year JGB yield rose 3 basis points

(bps) to 1.4%. The two-year JGB yield rose 1.5

bps to 0.82% and the five-year JGB yield rose 3.5

bps to 1.035%.

"The yields have been on upward trend, and when there is no

positive market-moving catalyst, they tend to rise," said Miki

Den, senior Japan rate strategist at SMBC Nikko Securities.

The Ministry of Finance will conduct the 10-year bond

auction on Tuesday and the 30-year bond auction on Thursday.

BOJ Deputy Governor Shinichi Uchida, who orchestrated the

central bank's ultra-easy monetary policy in the past, could

throw light on the central bank's path for rate hikes when he

speaks on Wednesday, strategists said.

The 20-year JGB yield rose 1.5 bps to

2.045%.

The 30-year JGB yield rose to 2.365%, its

highest since October 2008, before trading flat at 2.355%.

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