0017 GMT - JGBs rise in early Tokyo trade, tracking overnight price gains in U.S. Treasurys amid reduced Fed rate-hike prospects. JGBs and Treasurys tend to move in tandem. Fed Vice Chairman Jefferson said the U.S. central bank may need 'more time' to decide on next move even as inflation risks are tilted to upside, InTouch Capital Markets' analysts say in commentary. "Money markets have removed as much as 13.5 [bps] of expected tightening by the middle of next year," the analysts note. The ten-year JGB yield falls 4.5 bps to 3.050% and the 30-year yield drops 4 bps to 4.130%.
At the request of the copyright holder, you need to log in to view this content
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.