JGBs Fall, Tracking Declines in U.S. Treasurys

0112 GMT — Japanese government bonds fall, tracking declines in U.S. Treasurys in early trade in Asia. In near term, the JGB market could focus on supply-demand balance as a key catalyst, says Tomonobu Yamashita, rates strategist of BofA’s Global Rates & Currencies Research, in a research report. Given recent speeches by BOJ officials, the BOJ is unlikely to act further or give more hawkish signals at this week’s meeting, Yamashita says. With other developments such as Japan’s LDP leadership election this month, markets may not price in another BOJ...