Mumbai, June 20 -- Japanese bond markets were busy today with the benchmark 10-year bond yield holding around one-week low of 1.40%. Markets eyed a firm undertone in inflation as Japan's consumer prices excluding fresh food quickened for a third month to 3.7% from a year earlier in May. This marked the fastest pace since January 2023. Japan's inflation has been accelerating of late and has stayed at or above the BOJ's 2% target for more than three years. This has propped up the 10-year bond yield from around 1% on a sustained basis in last one year.

Published by HT Digital Content Services with permission from Capital Market....