0031 GMT - JGBs fall in the morning Tokyo session, tracking overnight price declines in U.S. Treasurys. JGBs and Treasurys tend to move in tandem. Bond yields have spiked higher as oil prices have risen, adding to expectations of tighter monetary policy, NAB's Skye Masters says in commentary. "Fuelling the latter has been hawkish comments from several central bankers over the past 24-48 hours" such as BOJ policy board member Masu, the head of Markets Research says. The ten-year JGB yield rises 5.5 bps to 2.965%.
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