JGB yields hold near multi-decade highs before 20-year auction tests market
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Japanese government bond (JGB) yields remain near record highs ahead of a 20-year bond auction, with the 10-year yield at 2.795% and the 40-year yield reaching 4.395%. Persistent inflation fears and a potential increase in JGB issuance are pressuring the market. Analysts expect weak auction results due to rising term premiums. The Bank of Japan's hawkish stance raises speculation of a rate hike, while Japan's GDP growth of 2.1% suggests resilience against higher borrowing costs.
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