0012 GMT - JGBs edge lower in price terms early Tokyo trade amid concerns over Japanese wage increases that might lead to further BOJ rate hikes. The demand from the Japanese Trade Union Confederation for an over-6% wage increase has weighed on the market, Citi Research's Tomohisa Fujiki says in a research report. Volatility will probably stay high, the rates strategist says. If a BOJ rate increase is brought forward, the 2-year/10-year part of the yield curve should flatten, Fujiki adds. JGB 10-year yield is 1bp higher at 1.525%, highest intraday level since June 2009. (ronnie.harui@wsj.com)
(END) Dow Jones Newswires
March 06, 2025 19:12 ET (00:12 GMT)
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