JGBs extend selloff as hawkish BOJ urges faster rate hikes
Japanese government bonds extended their selloff. The 5-year JGB yield rose 4 basis points to a record 2.295%, while the 2-year yield also gained 4 bp.
By Junko FujitaJapanese government bonds extended a selloff on Wednesday as the central bank's hawkish board member called for faster-paced interest rate hikes.The 5-year bond yield (JP5YTN=JBTC) jumped 4 basis points to a record high of 2.295%, and the 2-year JGB yield (JP2YTN=JBTC) also rose 4 bp…