Global Market: Japan bond yields steady ahead of BOJ policy decision

What happened: Japanese government bond yields were largely steady ahead of the Bank of Japan's policy decision on Friday, supported by strong demand at a two-year bond auction and gains in US Treasuries. Key numbers: Markets expect the BOJ to hold rates steady; a Reuters poll points to a possible 25-basis-point hike in December. Why it matters: The Reuters poll signals that market participants see a December rate increase as a possibility even as the BOJ is expected to stand pat at this meeting.

Japanese government bond yields were largely steady ahead of the Bank of Japan's policy decision on Friday, supported by strong demand at a two-year bond auction and gains in US Treasuries.

The Reuters poll signals that market participants see a December rate increase as a possibility even as the BOJ is expected to stand pat at this meeting.