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JGB yields rise to 3-month high after Fed's taper hints

Business & Finance

2 Min Read

TOKYO, Sept 24 (Reuters) - Yields on Japanese government bonds edged up on Friday to three-month highs, in a delayed action after a market holiday, due to growing expectations that the U.S. Federal Reserve will taper its bond purchase later this year.

Fed Chair Jerome Powell hinted on Wednesday the U.S. central bank could start tapering as soon as November as long as U.S. job growth this month is reasonably strong, sparking a hike in global bond yields.

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