US Treasury Yields Fall, Japanese Government Bond Yields Decline Across the Curve

Following an overnight decline in US Treasury yields, the Japanese government bond yield curve moved lower across all tenors. On Thursday, US Treasury yields fell due to steady long-term auction results and Treasury repurchase operations. Diminished expectations for further Federal Reserve rate hikes exerted downward pressure on both US and Japanese bond yields. Japan's 10-year government bond yield dropped 4.5 basis points intraday to 3.035%, the 2-year yield fell 1.5 basis points to 1.915%, and the 30-year yield declined 4 basis points to 4.08%.