Upward Pressure in ‘Front to Belly’ JGB Yields Likely to Persist

0209 GMT — Upward pressure in “front to belly” JGB yields is likely to persist as long as the BOJ pursues a slow path of rate increases of 25 bps-50 bps a year, DBS Group Research’s Eugene Leow says in commentary. At present levels, there seems to be value in ultralong tenors of 30-year to 40-year, …