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Japanese government bonds slide on inflation signs, BOJ rate-hike bets
TOKYO: Japanese government bonds (JGBs) fell on Monday, driving yields back towards multi-decade highs, as inflation concerns and expectations for further central bank tightening spurred selling. Here are a few details: The benchmark 10-year JGB yield climbed 2 basis points (bps) to 3.095%, poised for its highest close since August 1996. Yields move inversely to bond prices. The 2-year yield, the one most sensitive to Bank of Japan policy rates, advanced 1.5 bps to 1.950%, matching a 31-year peak seen last week. A key gauge of Japan’s service-sector inflation rose in August at the fastest annu...
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