Global Market: JGB yields ease as markets weigh BOJ rate-hike outlook

What happened: The benchmark 10-year JGB yield fell 1 basis point to 3.085% as markets weighed the BOJ rate-hike outlook. U.S. Treasury yields eased after a sharp selloff pushed long-term borrowing costs to multi-decade highs. Key numbers: 10-year JGB yield fell 1 bp to 3.085%. Two-year yield down 0.5 bp to 1.92%. Five-year unchanged at 2.390%. 30-year fell 3 bp to 4.205%. Why it matters: New BOJ policymaker Ayano Sato backed raising rates in several stages, and market participants appeared divided over the implications for the BOJ policy outlook and the bond market.

JGB yields ease as markets weigh BOJ rate-hike outlook.

JGB yields ease as markets weigh BOJ rate-hike outlook. — impact context not separately stored; see What changed.