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Japan 10Y Bond Yields Fall to 1-Month Low after BOE Decision

TOKYO, Nov 5 (Reuters) - Japan’s 10-year government bond yields fell to a one-month low on Friday, as a decision by the Bank of England to hold off on raising interest rates underpinned sentiment.

The 10-year JGB yield fell two basis points to 0.055%, its lowest since Oct. 5. The 20-year JGB yield fell 1.5 basis points to 0.440%. The Bank of England kept interest rates on hold on Thursday, wrong-footing investors who had been convinced that it would be the first of the world’s big central banks to raise borrowing costs after the COVID-19 pandemic.

The decision also sent U.S. Treasury yields lower overnight.

Yields on shorter and longer notes also fell, with the 30-year JGB yield losing 0.5 basis point to 0.675% and the 40-year JGB yield slipping 0.5 basis point to 0.720%.

The two-year JGB yield fell 1 basis point to minus 0.115% and the five-year yield fell 1.5 basis points to minus 0.100%.

Benchmark 10-year JGB futures rose 0.23 point to 151.83, with a trading volume of 24,828 lots.

(Reporting by Tokyo markets team; Editing by Subhranshu Sahu)

Source: Reuters


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