Global Market: JGB yields fall as 30-year bond yield retreats from record high

Japanese government bond (JGB) yields fell on Thursday, with the 30-year yield retreating from a record high hit earlier this week, as investors remained cautious about the Bank of Japan’s policy tightening path ahead of a closely watched 30-year debt auction, according to a Reuters report. The benchmark 10-year JGB yield fell 2.5 basis points to 3.080%, while the 30-year yield declined 4 basis points to 4.170%.

Japanese government bond yields declined, with the 30-year yield easing from a record high, as investors awaited a closely watched debt auction and assessed the Bank of Japan’s tightening path. The 10-year yield fell to 3.08%, while global bond yields also softened. Markets increasingly expect a December BOJ rate hike.

Summarised by Agaah from ET Markets. Agaah aggregates 36 sources and removes duplicate coverage — all news, one place.