JGB yields rebound as risk — off mode eases

By Junko Fujita TOKYO, Oct 16 (Reuters) — Japanese government bond (JGB) yields rose on Friday, rebounding from sharp declines in the previous session, as risk-off sentiment driven by CoreWeave debt woes eased. The benchmark 10-year JGB yield rose 1.5 basis points (bps) to 2.935%, after slipping 3.5 bps to 2.885% earlier in the session. Yields move inversely to bond prices The JGB yields fell to more than one month lows on Thursday as investors sought safe-haven assets "There was an excessive risk-off sentiment in the previous session, but that has retreated," said Katsutoshi Inadome, a senior strategist at Sumitomo Mitsui Trust Asset Management US Treasury yields rose in Asian trading, which made it easier for JGB investors to sell the Japanese bonds, said Inadome AI cloud firm CoreWeave's shares and bonds slumped earlier this week in one of the deepest crises of investor confidence yet in an AI build-out increasingly fueled by borrowing, fuelling a global rout in AI stocks The two-year yield rose 1.5 bps to 1.92% The 20-year JGB yield rose 3 bps to 3.815% (Reporting by Junko Fujita; Editing by Jochelle Mendonca) ((junko.fujita@thomsonreuters.com;)