0005 GMT - JGBs rise in the morning Tokyo session, tracking overnight price gains in U.S. Treasurys. Both JGBs and Treasurys tend to move in tandem. "U.S. July PPI was soft," NAB's Ken Crompton says in commentary. U.S. PPI was flat in July versus the WSJ's consensus forecast for a 0.2% increase. The data were enough to "knock [September] Fed hike odds back under 40%," the head of Rates Strategy says. "In rates, yields are lower across the major sovereign markets," Crompton says. The 10-year JGB yield is down 2.5 bps at 2.845%.
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