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Global Bond Yields Climb as Investors Await BOJ Policy Review

  • Treasuries follow a U.K.-led slide in developed debt markets
  • Traders speculate Kuroda will allow yields to fluctuate more
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Coutts's Kelemen Favors U.S., U.K. Sovereigns Over Japan, Europe
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Developed bond markets fell globally before the Bank of Japan’s policy decision Tuesday amid speculation the monetary authority will adjust its approach to providing stimulus.

Treasuries sank, pushing 10-year yields to a six-week high, following losses in U.K. and German debt. Yields on benchmark Japanese government bonds due in 2028 rose to an almost 18-month high during Asian hours before the BOJ offered to buy an unlimited amount of securities for the third time in a week.