0638 GMT - The Bank of Japan is behind the curve and needs to get to neutral, between 1% and 1.5%, over the coming year, RBC BlueBay Asset Management's Kaspar Hense says in a note. "That should drag the entire curve higher, but in particular the 10-year part of the curve, which is currently artificially dragged down by Rinban purchases," the senior portfolio manager says. However, those purchases of JGBs will be reduced from July onward, he says. "That being said, we do think the 30-year part of the curve is approaching fairer value at around 2.5%." The 10-year JGB yield rises 4 basis points to 1.304%, while the 30-year is up 1 basis point at 2.289%, according to Tradeweb. (emese.bartha@wsj.com)
(END) Dow Jones Newswires
February 07, 2025 01:39 ET (06:39 GMT)
Copyright (c) 2025 Dow Jones & Company, Inc.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.