JGB Yields Rise Amid Oil Price Surge and Inflation Worries

JGB yields rose as higher oil prices stoked inflation worries in the market.

The rise in JGB yields is attributed to the increase in oil prices, which has led to concerns about inflation. The surge in oil prices has put pressure on the Japanese economy, causing a ripple effect on the financial markets.

Some of the key stocks that were affected by this development include OGDC, PPL, and TRG. OGDC rose 2.51% to 327.49, while PPL increased 1.5% to 241.47. On the other hand, TRG declined 3.41% to 59.80.

Other stocks that were affected include CNERGY and MLCF, which rose 10.01% and 1.19%, respectively. However, some stocks such as TBL and TELE declined by 0.3% and 0.74%, respectively.