<div id="readability-page-1"><div><p><span>Japan’s 10-year government bond yield fell to around 1.92% on Thursday, retreating from 18-year highs as it tracked declines in US Treasury yields after the Federal Reserve delivered its third rate cut of the year and signaled a less hawkish outlook than markets anticipated.</span></p><p><span>Investors are also looking ahead to next week’s Bank of Japan policy meeting, where markets anticipate a rate hike after Governor Kazuo Ueda noted that the central bank is getting closer to its inflation target.</span></p><p><span>Attention will focus on Ueda’s post-meeting comments for guidance on 2026 policy.</span></p><p><span>Meanwhile, an auction of Japan’s 20-year government bonds saw the strongest demand since 2020, with a bid-to-cover ratio of 4.1 versus 3.28 at the previous auction, as higher yields attracted investors.</span></p></div></div>

<p>Japan's 10-year bond yield fell to 1.92%, tracking US Treasury yields after the Fed's rate cut. Investors anticipate a rate hike at the upcoming Bank of Japan meeting, with focus on Governor Ueda's comments. Japan's 20-year bond auction saw strong demand, with a bid-to-cover ratio of 4.1, as higher yields attracted investors.</p>

Japan 10-Year Yield Tracks US Yields Lower