JGB long end is leading the global yield backup: 30y +5.5bp to 3.875%, 20y +4bp to 3.635%, with the BOJ meeting this week. AI rally trimmed safe-haven demand and trend inflation accelerated to 3.2% in

What happened: Japan government bond yields rose for a second session as investors look ahead to the Bank of Japan's policy meeting on October 29-30. Key numbers: 10-year JGB yield up 2 basis points to 2.805%. 20-year up 4 bp to 3.635%. 30-year up 5.5 bp to 3.875%. Why it matters: The BOJ is widely expected to hold rates steady, and investors will watch its statement and guidance for clues on the timing of further increases. Uncertainty over next fiscal year's budget and JGB issuance is also weighing on the market, per Mitsubishi UFJ Morgan Stanley Securities strategist Keisuke Tsuruta.

Japan government bond yields rose for a second session as investors look ahead to the Bank of Japan's policy meeting on October 29-30.

The BOJ is widely expected to hold rates steady, and investors will watch its statement and guidance for clues on the timing of further increases. Uncertainty over next fiscal year's budget and JGB issuance is also weighing on the market, per Mitsubishi UFJ Morgan Stanley Securities strategist Keisuke Tsuruta.