Japanese government bond yields trade close to year-to-date highs amid growing expectations that the Bank of Japan could raise interest rates again next week, Philippe Schneider, DHF Capital's global head of sales, says in a note. "The anticipation of BOJ's potential policy shifts will likely keep the yen on its upward trajectory in the near term, while Japanese government bond yields might remain elevated, with the 10-year yield stabilizing above the 1.05% mark," he says. This should be driven by unwinding of yen carry trades and broader monetary-policy changes, he says. The 10-year Japanese bond yield trades at 1.053%, versus a year-to-date high around 1.10%, according to Refinitiv. The yen hits a near 12-week high against the…

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