Bond.az - The Japanese bond yield curve steepened on Thursday while the yen weakened toward intervention levels amid escalating Middle East tensions.
The 30-year JGB yield rose 3.5 basis points to 3.950%, and the 20-year yield gained 2 bps to 3.615%.
The two-year yield, most sensitive to BOJ policy, fell 2 bps to 1.360%, the lowest since April 27. The five-year yield also dropped 2 bps to 1.910%.
The yen depreciated to 159.65 per dollar, the weakest since April 30 when Tokyo intervened.
Oil prices surged after Iran said it targeted a US airbase. Japan's reliance on imported energy makes it vulnerable to higher petroleum costs.
