JGB yields track US yields higher, boost demand at 10-year auction

From brecorder.com

Japanese government bond yields ticked higher on Thursday, tracking overnight moves in US Treasuries amid worries about a quickening in global inflation. The 10-year JGB yield rose 1 basis point to 0.240% as of 0520 GMT, after equivalent Treasury yields climbed to a two-week high of 2.95% on Wednesday. The tick-up in yields gave a boost to demand at an auction of 10-year JGBs on Thursday, resulting in a smooth sale, market participants said. JGB yields flat as stocks rally offsets debt demand “After today’s 10-year JGB auction, there is the release of US non-farm payrolls report tomorrow, so the market’s focus ... (full story)