Economic news

JGB Futures Fall as U.S. Treasuries Halt 8-Day Price Rally

TOKYO, July 12 (Reuters) - Japanese government bond futures fell on Monday, as U.S. Treasuries halted an eight-day price rally during the weekend, while the yield on 10-year bonds was steady ahead of an auction for 20-year notes. Benchmark 10-year JGB futures fell 0.01 point to 152.21, with a trading volume of 9,212 lots, and the 10-year JGB yield was steady at 0.025%. Yields on longer-term notes were mixed, with the 20-year JGB yield falling 0.5 basis point to 0.410%, while the 30-year JGB yield rose 0.5 basis point to 0.670%.

The 40-year JGB yield rose 0.5 basis point to 0.740%.

The yields on both two-year and five-year notes were unchanged at minus 0.120%.

The 10-year Treasury yield climbed on Friday, halting the eight-day price rally that was fuelled in part by worries the economic recovery had already peaked and was showing signs of faltering amid a surge in coronavirus infections in many places around the globe.

Reporting by Tokyo markets team

Source: Reuters


To leave a comment you must or Join us


More news


Back to economic news list

By visiting our website and services, you agree to the conditions of use of cookies. Learn more
I agree