Japan's 10-year yields rise on Fed tightening concerns

08/17/2022 | 03:30am

TOKYO, Aug 17 (Reuters) - Japan's 10-year government bond yields rose on Wednesday after their U.S. peers edged higher as upbeat earnings of U.S. retail giants suggested further tightening by the Federal Reserve to tackle inflation.

The 10-year JGB yield rose 1.5 basis points to 0.180%.

Top U.S. retailer Walmart nudged up its annual profit forecast on Tuesday, while Home Depot surpassed estimates for quarterly sales.

Yields on longer-ends fell ahead of an auction for 20-year bonds in the next session. The 20-year JGB yield falling 0.5 basis point to 0.755% and the 30-year JGB yield lost 1.5 basis points to 1.060%.

The 40-year JGB yield fell 1.5 basis points to 1.180%.

The two-year JGBs did not trade and the yield remained at -0.095%.

The five-year yields did not trade and the yield stayed at -0.015%.

Benchmark 10-year JGB futures fell 0.13 point to 150.48, with a trading volume of 9,913 lots.

(Reporting by Tokyo markets team;Editing by Elaine Hardcastle)

Reuters 2022
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