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Story summary
- Japanese Government Bonds fell as markets reacted to ongoing Middle East conflicts.
- Investors stayed on the sidelines amid uncertainty.
- Lisa Mochizuki of SMBC Nikko Securities says yen weakness could prompt the Bank of Japan to hike rates.
- She expects the 2.5 trillion yen five-year note auction to yield weak results.
- The five-year JGB yield rose 0.5 basis points to 1.630%.
