Japan Yields Slip, Casting Doubts on 10-Year Bond Auction Demand
The 5-year yield dropped as much as 9 basis points to 0.99% and the 10-year rate was down 8.5 basis points to a low of 1.465%. The moves come after US Treasuries surged on Friday as a surprisingly soft payroll report saw traders ramp up their bets on Federal Reserve interest-rate cuts this year.
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