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MUFG Starts 10-Year JGB Purchases, Targets 3.2% Yields

By Drooid · Oct 15, 2026, 6:29 AM UTC · How we work

Summary

Story summary

MUFG Bank began exploratory purchases of 10-year Japanese government bonds at about 3.1% yield.
Chief executive Atsushi Yamashita expects 10-year JGB yields to peak around 3.2%, above the 3.115% record.
MUFG’s JGB portfolio averaged a 1.2-year duration in June, down from 3.1 years a year earlier.
Yamashita forecasts a BOJ rate hike in December, further hikes every three months, and a terminal rate near 2%.

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Story summary

MUFG Bank began exploratory purchases of 10-year Japanese government bonds at about 3.1% yield.
Chief executive Atsushi Yamashita expects 10-year JGB yields to peak around 3.2%, above the 3.115% record.
MUFG’s JGB portfolio averaged a 1.2-year duration in June, down from 3.1 years a year earlier.
Yamashita forecasts a BOJ rate hike in December, further hikes every three months, and a terminal rate near 2%.