JGB yields mixed before Bank of Japan meeting

Japanese government bond yields showed mixed results on Monday, ahead of the Bank of Japan's monetary policy meeting. The 10-year yield fell slightly to 1.51%, while the two-year yield dropped to 0.805%. Concerns arose after Prime Minister Shigeru Ishiba apologized for giving gifts to ruling party members, which may complicate the budget for the upcoming fiscal year. The 40-year JGB yield reached a record high of 3%. The Bank of Japan is expected to maintain its interest rate at 0.5% during the meeting. Market focus will be on Governor Kazuo Ueda's comments afterward for insights on future policy direction.