Global Market: JGB yields climb as investors await BOJ, Fed policy decisions

What happened: The benchmark 10-year JGB yield rose as investors awaited policy decisions from the Bank of Japan and the US Federal Reserve. Key numbers: 10-year JGB yield up 1.5 basis points to 2.795%. 20-year yield up 1 basis point to 3.595%. 30-year yield unchanged at 3.805%. Two-year yield up 1 basis point to 1.885%. Why it matters: The BOJ is widely expected to hold rates, but many participants anticipate an increase to 1.5% in December, with some seeing January as an alternative. Its guidance on further hikes remains a key factor for JGBs.

The benchmark 10-year JGB yield rose as investors awaited policy decisions from the Bank of Japan and the US Federal Reserve.

The BOJ is widely expected to hold rates, but many participants anticipate an increase to 1.5% in December, with some seeing January as an alternative. Its guidance on further hikes remains a key factor for JGBs.