JGBs Fall as Inflation Worries Overcome Geopolitical Tensions
0021 GMT — JGBs fall in price terms in the morning Tokyo session as inflation worries overcome geopolitical tensions. A pattern is often formed where yields rise as inflation concerns intensify on higher oil prices following initial declines in stock prices and yields due to geopolitical risks, SMBC Nikko Securities' Ataru Okumura says in a commentary. The extent to which ongoing Israel-Iran situation will impact financial markets will depend mostly on how much energy prices rise, the senior Japan rates strategist adds. The 5-year JGB yield is up 2.5bps at 0.990%. (ronnie.harui@wsj.com)
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