A post by @FirstSquawk on X.

Japan’s 2-year government bond yield rose 7 basis points to 1.845%, extending a sharp move higher at the front end of the curve. The jump signals investors are pricing firmer near-term policy expectations and reduced demand for short-dated Japanese government debt. The move matters because short-term JGB yields are highly sensitive to Bank of Japan policy signals and can spill over into global rate and currency markets. Watch whether the 2-year yield holds near 1.845% and whether the move extends to longer maturities or reverses after the next BOJ communication.