0018 GMT - JGBs edge lower in the morning Tokyo session, tracking overnight price declines in U.S. Treasurys. However, uncertainty over the BOJ rate-hike outlook has increased as the U.S.-Japan trade-talk deadline on July 9 approaches, two members of Barclays' FICC Research say. "If the deadline is reached without any significant progress and if tariff hikes or other measures are actually imposed, BOJ rate hike expectations could recede," the members say in a research report. This may lead to downward pressure on yields, mainly on the front end, and an increase in volatility and selling pressure in the super-long sector, they add. The 10-year JGB yield is up 1.5bps at 1.455%. (ronnie.harui@wsj.com)
(END) Dow Jones Newswires
July 03, 2025 20:18 ET (00:18 GMT)
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