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2026-05-25 16:59:23
[Daiwa Securities: 10-Year Japanese Government Bond Yield Could Fall to 2.60% if WTI Crude Oil Falls to $80] ⑴ Daiwa Securities strategist Shun Otani stated that if West Texas Intermediate (WTI) crude oil futures fall to $80, it will push the 10-year Japanese government bond yield down to around 2.60%. ⑵ He said, "A ceasefire agreement that includes the reopening of the Strait of Hormuz will alleviate inflation concerns and be beneficial to the Japanese government bond market, with yields expected to fall by about 10 to 20 basis points from current levels." ⑶ He added, "On the other hand, concerns about fiscal sustainability and monetary policy lagging behind the times remain serious in Japan, meaning that the transition to a phase of comprehensive yield declines largely depends on the government's stance." ⑷ The 10-year Japanese government bond yield was last down 7.0 basis points to 2.69%.
