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Benchmark Japanese bond yields rise towards 29-year high ahead of BOJ

Yields on benchmark Japanese government bonds edged towards a 29-year high on Tuesday as investors awaited a policy decision from the central bank and signals for future rate hikes. The benchmark 10-year JGB yield rose 0.5 basis point (bp) to 2.475% in early trading, closing in on the 2.49% level hit earlier this month that was the highest since June 1997. [...]