Japanese government bonds were sold on Thursday as market sentiment improved following Trump’s decision to roll back some of his strictest import tariffs.
- The move triggered a shift in investor appetite toward equities, lifting the Nikkei stock index by more than 8% in morning trading
- benchmark 10-year JGB yields jumped 10 basis points to circa 1.377%
- bond futures fell nearly 1.3 points
- two-year yields edged up about half a basis point to 0.67%
- 30-year yields held steady at 2.7% after hitting a 21-year high the previous day
The bond market sell-off reflected relief rather than fear, with investors reallocating funds into riskier assets amid easing trade tensions.
