JGB Yields Lower as Fed Stimulus Hopes Grow

0037 GMT — Japanese government bond yields are lower, tracking drops in U.S. Treasury yields overnight. There are growing hopes that the Fed will cut rates further soon to stimulus the economy, following weak U.S. jobs data on Friday. Meanwhile, the downside for JGB yields may be limited on continued expectations that the Bank of Japan will keep raising rates gradually to rein in inflation. The 10-year JGB yield is down 2.5 bps at 1.480%. ([email protected]; @kosakunarioka)