JGBs Slide on Global Bond Selloff

0027 GMT -- JGBs slide in price terms in early Tokyo session on a global government bond selloff. The selloff comes as fears grow that energy prices could rise further amid little sign of a U.S.-Iran peace deal. "There appear to be few catalysts to contain the rise in yields in the near term," says BofA Securities Japan's analyst Tomonobu Yamashita says in a research report. Also, "supply-demand imbalances are pushing JGB yields higher," Yamashita says. Moreover, "there are media reports that the Japanese government is considering a first supplementary budget for FY 2026," Yamashita adds. The 10-year JGB yield rises 7.5 bps to 2.775% after earlier touching 2.800%, its highest since October 1996. (ronnie.harui@wsj.com)