Japan 10Y Yield Slips as Oil Retreats
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Japan’s 10-year government bond yield fell to 2.77% as oil prices declined, easing pressure on the economy. Optimism over US-Iran peace talks and a 14.8% rise in Japanese exports in April contributed to this shift. Additionally, Japan's economy showed stronger-than-expected growth in Q1, raising expectations for an interest rate hike by the Bank of Japan. However, bonds remain under pressure due to calls for a supplementary budget to tackle rising commodity prices.
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