0203 GMT - The JGB yield curve steepens amid prospects of strong wage hikes in Japan. The Japan Trade Union Confederation on Thursday released findings of its survey on wage-increase requests of member labor unions heading into 2025 annual spring wage negotiations, two economists of Barclays' FICC Research say in a research report. The average overall request was 6.09%, marking the first request exceeding 6% since 1993, the economists note. These results represent a tailwind for the BOJ, say the economists who expect the BOJ's next rate increase in July. The JGB yield curve steepens, with the 2-year yield unchanged at 0.850%, while super-long tenors rise markedly. The 40-year yield is up 4bps at 2.860%. (ronnie.harui@wsj.com)
(END) Dow Jones Newswires
March 06, 2025 21:03 ET (02:03 GMT)
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