JGB yields rise on economic recovery hopes ahead of Fed meeting

  • 6/16/2021
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TOKYO, June 16 (Reuters) - Japanese government bond yields ticked up on Wednesday, buoyed by hopes of a recovery in the Japanese economy as the country’s vaccine roll-outs accelerate, while many investors looked to the U.S. Federal Reserve’s policy meeting later in the day. Benchmark 10-year JGB futures fell 0.03 point to 151.77. The 10-year JGB yield rose 0.5 basis point to 0.050%, extending its rebound from Friday’s 0.025%, its lowest level since early January. The 20-year JGB yield rose 1 basis point to 0.440% while the 30-year yield added 1 basis point to 0.680%. The 40-year JGB yield rose 2 basis points to 0.740%, its highest level in two months. (Reporting by Tokyo Markets Team; Editing by Rashmi Aich) Our Standards: The Thomson Reuters Trust Principles.

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