0022 GMT - JGB yield curve steepens in the early Tokyo session amid rising inflation fears, with investors likely selling longer-dated securities more than shorter-dated notes. After oil prices rose amid widening Middle East conflict, JGB yields rose and the yield curve eventually steepened, JPMorgan's Japan Markets Research says in a recent note. "We maintain a steepening bias for cash JGBs," they say. Friday's market movements have highlighted the "vulnerability and increased volatility in the super-long sector, suggesting continued caution toward duration," the members add. The two-year JGB yield is unchanged at 1.375%, while 10-year JGB yield rises 1.5 bps to 2.385%, matching Friday's intraday high, which was highest since February 1999. (ronnie.harui@wsj.com)
(END) Dow Jones Newswires
March 29, 2026 20:22 ET (00:22 GMT)
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