Government Bonds in Asia-pacific Fall Amid Higher Crude Oil Prices

Dow Jones
Jul 08

0117 GMT - Asia-Pacific government bonds fall in price terms amid higher crude oil prices. The latest rise in oil prices "serves as a reminder that inflation risks, hawkish central bank expectations and terms-of-trade pressures can quickly re-emerge," two strategists of OCBC Group Research say in a research report. Oil prices have risen "amid renewed concerns over U.S.-Iran tensions after Washington revoked its waiver for Iranian oil sales following attacks on three vessels in the Strait of Hormuz," the strategists note. Yields on Australia's 10-year government bonds rose 6 bps to 4.8820%, New Zealand's 10-year sovereign debt climbed 8 bps to 4.5080%, and Japan's 10-year government bonds added 2.5 bps to 2.865%. (ronnie.harui@wsj.com)

 

(END) Dow Jones Newswires

July 07, 2026 21:17 ET (01:17 GMT)

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