JGB Yield Curve Likely to Steepen Further -- Market Talk

Dow Jones01-15

0052 GMT - The JGB yield curve is likely to steepen further, says HSBC Global Investment Research, which maintains a mildly bearish stance on Japanese bonds. With Japanese PM Takaichi planning to call a general election as soon as next month, this could increase the ruling party's seat count given her cabinet's currently high approval rating, HSBC's Justin Heng says in a note. "This would enable her to advance further expansionary fiscal policies and lead to higher yields at the long end of the curve," the rates strategist adds. Hence, HSBC raises its end-2026 forecast for the 10-year JGB yield to 2.30% from 1.85% previously. The 10-year JGB yield is down 3 bps at 2.150%. (ronnie.harui@wsj.com)

(END) Dow Jones Newswires

January 14, 2026 19:53 ET (00:53 GMT)

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With Japanese PM Takaichi planning to call a general election as soon as next month, this could increase the ruling party's seat count given her cabinet's currently high approval rating, HSBC's Justin Heng says in a note. \"This would enable her to advance further expansionary fiscal policies and lead to higher yields at the long end of the curve,\" the rates strategist adds. Hence, HSBC raises its end-2026 forecast for the 10-year JGB yield to 2.30% from 1.85% previously. The 10-year JGB yield is down 3 bps at 2.150%. 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With Japanese PM Takaichi planning to call a general election as soon as next month, this could increase the ruling party's seat count given her cabinet's currently high approval rating, HSBC's Justin Heng says in a note. \"This would enable her to advance further expansionary fiscal policies and lead to higher yields at the long end of the curve,\" the rates strategist adds. Hence, HSBC raises its end-2026 forecast for the 10-year JGB yield to 2.30% from 1.85% previously. The 10-year JGB yield is down 3 bps at 2.150%. (ronnie.harui@wsj.com) \n</p>\n<pre style=\"white-space: pre\">\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  January 14, 2026 19:53 ET (00:53 GMT)\n</p>\n<p>\n  Copyright (c) 2026 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK4207","symbol_name":"综合性银行","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2603776625","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2603776625","pubTimestamp":1768438380,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"0052 GMT - The JGB yield curve is likely to steepen further, says HSBC Global Investment Research, which maintains a mildly bearish stance on Japanese bonds. 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With Japanese PM Takaichi planning to call a general election as soon as next month, this could increase the ruling party's seat count given her cabinet's currently high approval rating, HSBC's Justin Heng says in a note. \"This would enable her to advance further expansionary fiscal policies and lead to higher yields at the long end of the curve,\" the rates strategist adds. Hence, HSBC raises its end-2026 forecast for the 10-year JGB yield to 2.30% from 1.85% previously. The 10-year JGB yield is down 3 bps at 2.150%. 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