Interest Rates: Morning session government bond futures continued to decline, with long-term interest rates at 1.065%. Selling pressure due to rising US interest rates By Reuters Editing.

<11:27> Bond futures continued to decline in the morning, with long-term interest rates at 1.065%. Selling pressure increased due to rising U.S. interest rates.
The core December contract for bond futures closed the morning session down 12 sen from the previous trading day at 142 yen 96 sen. The yield on newly issued 10-year government bonds (long-term interest rates) rose by 0.5 basis points to 1.065%. With the rise in U.S. interest rates as background, bond futures saw prevailing selling pressure.
Bond futures saw selling pressure from the morning. It started following the trend of a rise in long-term interest rates to around 4.22% in the U.S. bond market the previous day. The slight rise in post-market U.S. long-term interest rates also slightly increased selling pressure on yen bonds.

Market attention is focused on the U.S. consumer price index to be announced tonight. Depending on the results, if the yen weakens further, aiming for 155 yen again, there may be a cautious move to guard against additional rate hikes by the Bank of Japan at the December meeting (according to Masaru Suzuki, Senior Bond Strategist at Okasan Securities), potentially putting upward pressure on yen interest rates.