JGB yields rise as markets eye US and Japan central bank officials' speech

• The benchmark 10-year JGB yield JP10YTN=JBTC rose 1.5 basis point (bps) to 2.895%, after trading flat. Yields move inversely to bond prices.
• The two-year yield JP2YTN=JBTC inched up 0.5 bp to 1.675%. The five-year yield JP5YTN=JBTC rose 1.5 bps to 2.140%.
• The 20-year JGB yield JP20YTN=JBTC rose 2 bps to 3.765%. The 30-year yield JP30YTN=JBTC rose 1 bp to 4.065%.
• The yield on the 40-year JGB JP40YTN=JBTC rose 1.5 bps to 4.17%.

• Oil prices steadied on Tuesday, after falling more than 2% in the previous session, as investors assessed the impact of harsher U.S. secondary sanctions against Iran.
• There were no particular market-moving cues in Japan, so the market reacted to oil prices and the moves of U.S. Treasury yields, said Katsutoshi Inadome, senior strategist at Sumitomo Mitsui Trust Asset Management.
• Investors were also cautious ahead of a speech by Bank of Japan Deputy Governor Ryozo Himino, who plans to attend a meeting with local leaders in Saitama, outside Tokyo on Thursday.
• Markets are trying to find cues for a BOJ interest rate hike at its September meeting from Himino's comments, strategists said.
• Investors await Federal Reserve Chairman Kevin Warsh's speech on Friday at the central bank's annual Jackson Hole symposium for any signals that the Fed may take a more hawkish stance on inflation.

Japanese government bond (JGB) yields edged up on Tuesday, tracking U.S. Treasury yields, which rose in Asian trading following a rebound in oil prices, but moves were limited as markets eye speeches by central bank officials in Japan and the U.S.