Intriguing RV graphs: Turning point for JGB market?
10yr JGB yield briefly fell below 2.8%; narrowing trend for 2s10s JGB yield spread; turning point for JGB market?
Narrowing of term premium excluding asset swap spread (reduced monetary policy uncertainties and inflation risks) contributing to 10yr JGB yield decline
Future JGB market direction depends on whether main factor is economic downturn concerns or speculation that Takaichi administration is phasing out its reflationary policies