HSBC: Attractions of Japanese government bonds are inferior to similar bonds in developed markets.

HSBC strategists in a report stated that compared to bonds in other developed markets, Japanese government bonds are less attractive. They predict that the long-term yield on Japanese government bonds will continue to rise before the early election on February 8th. Among sovereign bonds in developed markets, HSBC has the lowest allocation to Japanese government bonds. According to Tradeweb data, the yield on 10-year Japanese government bonds rose by 5 basis points to 2.290%.