JGBs Slide, Dragged by Risk-on Sentiment –
0005 GMT — JGBs slide in price terms in the morning Tokyo session, dragged by risk-on sentiment triggered by President Trump's announcement on Wednesday of a 90-day pause on higher U.S. tariffs for most countries. This tariff reversal has sparked a relief rally in risk assets, two members of Sucden Financial's Research team say in a commentary. Trump's move lessens the impact of the initially aggressive trade policy stance, say the members, adding that bonds have been dumped. The 10-year JGB yield rises 11bps to 1.380%. (ronnie.harui@wsj.com)
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