0030 GMT - JGBs edge lower in price terms during the morning Tokyo session, weighed by fears of more BOJ rate increases. Preliminary government data released earlier showed Japan's real GDP grew 0.7% in 4Q 2024 from the prior quarter. The data were much stronger than most had expected, says Capital Economics' Marcel Thieliant in commentary. "It supports our view that the Bank of Japan will tighten policy more aggressively this year than most anticipate," he adds. The JGB 2-year yield is up 1 bp at 0.800%; the 10-year yield is up 1 bp at 1.360%. (ronnie.harui@wsj.com)
(END) Dow Jones Newswires
February 16, 2025 19:30 ET (00:30 GMT)
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