Japan's government bond yield curve steepened on Wednesday as shorter-dated bond yields declined in line with overnight moves in U.S. Treasury yields, while longer-dated yields climbed amid renewed concerns over fiscal policy and inflation, according to Reuters.
The benchmark 10-year Japanese government bond (JGB) yield fell 3 basis points to 2.675%, reflecting easing pressure at the shorter end of the curve. The two-year JGB yield edged down 0.5 basis point to 1.425%, while the five-year yield declined 2 basis points to 1.930%. Bond yields move inversely to prices.
