Japanese government bonds rose Friday, with yields dropping across maturities, ahead of Sunday’s closely-watched upper house election.
The 20-year government bond yield dropped 4.5 basis points to 2.525%, and the 30-year rate fell 2.5 basis points to 3.065%, after both had climbed on Tuesday to their highest levels since 1999. The 40-year yield also slumped as much as 8 basis points to 3.295%.