1010729000079396

Factors that could push up US bond yields include the announcement by the US Treasury this week to expand the size of its quarterly refinancing auctions for the first time in two and a half years, with increased supply of 10-year and 30-year bonds starting next week. However, the supply of short-term US bonds will also gradually increase in the coming quarters to meet the demand for end-of-year cash balances.
In addition, the Bank of Japan has signaled adjustments to its yield curve control poli...