JGB yields rose after US Treasures jumped overnight on stronger-than-expected
US data and firmer Fed rate-hike bets. Greater Fed tightening could accelerate
USD/JPY gains, fueling speculation the Bank of Japan might need to tighten to
curb upside inflation risk. Investors are monitoring developments in the Middle
East and the US-China summit. Curve steepened: 2-year +2 bps to 1.920%, 10-year
+3.5 bps to 3.110%, 40-year +5.5 bps to 4.255%.