Japanese government bonds remain stable as markets await Bank of Japan rate hike signals
- Japanese government bonds traded steadily on Tuesday, as investors awaited the Bank of Japan to raise interest rates as expected and watched for signals of further policy tightening.
- The benchmark 10-year Japanese bond futures fell 0.17 yen to 128.09, while the 10-year yield remained at 2.575% (having dropped 6 basis points in the previous session).
- The Bank of Japan is expected to raise its benchmark interest rate to a 31-year high of 1% after the meeting, while bonds of other maturities had yet to trade in early deals.
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