JGBs fall in the morning Tokyo session, tracking overnight price declines in U.S. Treasurys. Both JGBs and Treasurys tend to move in tandem. JGB prices may also be weighed down by ongoing yen weakness, which typically leads to higher import prices and inflation in Japan and could prompt the Bank of Japan to raise rates at a faster pace. Meanwhile, this morning's release of better-than-expected BOJ tankan may help ease worries over slowing economic activity in Japan. The 20-year JGB yield is up 2 bps at 3.675%; the 30-year yield is 2 bps higher at 3.965%. (ronnie.harui@wsj.com)
Dow Jones Newswires
JGBs Fall, Tracking Declines in U.S. Treasurys — Market Talk
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JGBs fall in the morning Tokyo session, tracking overnight price declines in U.S. Treasurys. Both JGBs and Treasurys tend to move in tandem. JGB prices may also be weighed down by ongoing yen weakness, which typically leads to higher import prices and inflation in Japan and could prompt the Bank of…