Japan super-long JGB yields fall as curve-steepening bets unwind
Japanese government bonds extended their rally Friday as investors bought super-long maturities to unwind curve-steepening trades ahead of expectations that the Bank of Japan will accelerate rate hikes. The 30-year yield fell to 3.97%.
By Junko FujitaJapanese government bonds (JGBs) extended their rally on Friday as investors bought super-long maturities to unwind curve-steepening trades on expectations the Bank of Japan will accelerate rate hikes.The 30-year yield (JP30YTN=JBTC) fell 10.5 basis points (bps) to 3.97%.
The 40-year…