JGB 10-year yields hit 14-year highs as BOJ outlook weighed – Markets

TOKYO: Benchmark Japanese government bond yields rose to the highest level in nearly 14 years on Friday, on rising odds for an interest rate increase at the Bank of Japan’s policy meeting this month.

The 10-year JGB yield advanced 1.5 basis points to 1.195% as of 0533 GMT, a level not seen since May 2011.

The Bank of Japan in a report released on Thursday said wage hikes are broadening in…