TOKYO — Japanese government bond (JGB) yields fell on Tuesday ahead of the Bank of Japan's (BoJ) policy meeting this week, with expectations that the pace of the central bank's tapering will be gradual. The 10-year JGB yield fell 1 basis point (bp) to 1.020 percent. "The market consensus is now that the BoJ's reduction of the bond buying amounts will be gradual," said Naoya Hasegawa, chief bond strategist at Okasan Securities. The 20-year JGB yield fell 2 bps to 1.820 percent and the 30-year JGB yield fell 2.5 bps to 2.160 percent. The 40-year JGB yield fell 2 basis points to 2.315 percent.

Source: Manila Times June 12, 2024 04:30 UTC