JGBs Consolidate as Investors Weigh Tokyo CPI Data

27-06-2025

0013 GMT — JGBs consolidate in the early Tokyo session as investors weigh Japanese economic data released earlier. The data showed consumer inflation in the Tokyo metropolitan area eased in June but remained firmly above the BOJ's 2% target. Also, there may be lingering supply-demand worries, two members of BofA Global Research say in a research report. While Japan's Finance Ministry unveiled super-long JGB issuance reductions, the ministry also opted to boost issuance of sovereign debt with two-year and shorter tenors, the members note. BofA maintains its view that net JGB supply will gradually increase. The 10-year JGB yield is 0.5 bp higher at 1.420%. (ronnie.harui@wsj.com)

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