Economic news

JGB Yields Drop on Fed, BOJ Expectations

On Wednesday yields on Japanese government bonds tumbled, as investors cut long positions in front of a U.S. Fed approach choice later during the day and a Bank of Japan (BOJ) meeting on Thursday.

japanPhoto: Flickr

The Fed is generally expected to slice borrowing costs for the third time this year because of slow inflation, yet there is a theory that the U.S. national bank will flag its hesitance to trim rates further.

The BOJ is probably going to keep fiscal approach enduring, yet the choice could be a near disaster as national financiers think about the dangers presented by extended Sino-U.S. exchange row.

Benchmark 10-year Japanese government bond futures gained 0.17 point to 153.84, ricocheting off a 3-month low came to on Tuesday.

The 10-year Japanese government bond yield tumbled 1.5 bps to minus 0.130 percent, pulling once again from a 20-week peak set on Tuesday.

The 20-year Japanese government bond yield dropped 2 bps to 0.250 percent, while the 30-year JGB yield slipped 2 bps to 0.400 percent.

The five-year yield tumbled 1 bp to minus 0.250 percent.

At the short end of the curve, the two-year JGB yield dropped 1 bp to minus 0.220 percent.


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