Japanese Bond Market Sees Yields Narrow Decline to 2.880%

The Japanese bond market saw long-term yields narrow their decline to 2.880% on the morning of the 26th, following a drop in crude oil futures prices that eased concerns over domestic inflationary pressures.

This led to an increase in buying of Japanese government bonds, but position-adjustment selling also emerged, capping upside momentum.

A strong wait-and-see mood prevails as investors look to assess events including a speech by Bank of Japan Deputy Governor Ryozo Himino scheduled for the 27th.