0017 GMT - JGBs consolidate in the morning Tokyo session. Japan's government bond market could lack direction today, Mitsubishi UFJ Morgan Stanley Securities' fixed income strategists say in a research report. On the one hand, a recovery in expectations for a possible Bank of Japan rate increase amid a risk-on mood will probably weigh on the market, the strategists say. On the other hand, bargain-hunting demand is expected to lend support, the strategists add. The yield on the No. 377 10-year JGB issue is 0.5bps higher at 1.430%. (ronnie.harui@wsj.com)
(END) Dow Jones Newswires
May 13, 2025 20:17 ET (00:17 GMT)
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