JGBs slip after Fed officials temper rate-cut expectations
TOKYO, Aug 23 (Reuters) - Japanese government bond prices slipped on Friday after comments from Federal Reserve officials tempered expectations for further U.S. interest rate cuts and reinforced market view that there is no pre-set path for more cuts.
Philadelphia Fed President Patrick Harker and Kansas City Fed President Esther George said on Thursday that they saw no reason to cut interest rates without new economic deterioration.
A bounce by Japanese shares also nudged JGB prices lower by curbing investor demand for safe-haven bonds.
The five-year JGB yield rose half a basis point to minus 0.335%. The 10-year yield was flat at minus 0.245% and the 30-year yield climbed half a basis point to 0.195%.
JGB market movements were limited, with investors looking for further clues on monetary policy direction from U.S. Federal Reserve Chairman Jerome Powell's speech at a gathering of central bankers later in the day.
(Reporting by the Tokyo markets team, Editing by Sherry Jacob-Phillips)
