Japan 2-year bond yield nears 2% as BOJ tightening bets rise
The 2-year JGB yield reached 1.975% on Monday, its highest since March 1995. Swap rates imply a 36% chance of an October hike to 1.5%, with the Tankan report due Thursday.
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The 2-year JGB yield reached 1.975% on Monday, its highest since March 1995. Swap rates imply a 36% chance of an October hike to 1.5%, with the Tankan report due Thursday.
The dollar was flat against major currencies as US-Iran tensions pushed oil higher and Treasury yields rose. Markets are watching upcoming US data and the Reserve Bank of Australia meeting for further policy clues.
Brent crude rose more than 3% above $107 a barrel as US-Iran tensions heightened supply risks and Treasury yields stayed above 5%. The Australian dollar weakened ahead of an expected Reserve Bank of Australia rate hike Tuesday.
US Treasury chief Bessent: rise in Japan's inflation due to weak yen, energy costs