Japanese government bond yields rose as investors grew cautious about the progress of talks between Iran and the US in the Middle East, Reuters reports.
The 10-year JGB yield rose 3 basis points (bps) to 2.425 per cent. The 20-year JGB yield rose 4 bps to 3.275pc.
“Investors realised they were too optimistic about the outlook of the war. The ceasefire was extended because Iran did not agree to start the talks,” said Masahito Sugawara, a senior strategist at Daiwa Securities.
