Japanese government bond yields traded mixed on Thursday as investors balanced growing expectations of a near-term interest rate hike by the Bank of Japan against persistent global inflation concerns, Reuters reported.
The benchmark 10-year JGB yield edged up 0.5 basis point to 2.645%, while the two-year yield, which is highly sensitive to changes in monetary policy, rose 1 basis point to 1.410%. The increase in the two-year yield marked its second consecutive day of gains. Bond yields move inversely to prices.
