Japan’s government bond yield curve steepened as investors turned cautious ahead of a 30-year debt auction. Higher oil prices and a weaker yen intensified inflation concerns, lifting long-term yields. Traders are also factoring in global jitters, including geopolitical tensions tied to Iran and strong U.S. payroll data.
Japan’s benchmark government bond yield has jumped to a 29-year peak as investors price higher inflation risk. Escalating oil prices follow the collapse of US-Iran peace talks, with concerns rising after a planned US Navy blockade near the Strait of Hormuz. Markets now watch the Bank of Japan closely for hints of potential interest rate hikes this month.
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