Japanese government bond (JGB) yields at the short end of the curve climbed to their highest level in more than three decades on Thursday, as investors increased bets that the Bank of Japan (BOJ) will raise interest rates on Friday following the U.S. Federal Reserve's latest policy tightening, Reuters reported.
The 2-year JGB yield rose 2 basis points to 1.865%, its highest level since April 1995. The move was supported by higher equivalent U.S. Treasury yields after the Federal Reserve delivered a hawkish policy signal and indicated that another rate increase could come later this year.
