JGB Yields Higher on Hopes for BOJ Rate Increase

0059 GMT — Japanese government bond yields are higher as expectations continue for a Bank of Japan 8301 -0.61%decrease; red down pointing triangle rate increase in December due to persistently high inflation. That is despite declines in U.S. Treasury yields overnight on hopes for a Fed rate cut. Investors will be focusing on any signs of strength in economic data, including Tokyo inflation figures for November due Friday. The 10-year JGB yield is up half a basis point at 1.805%. (kosaku.narioka@wsj.com; @kosakunarioka)