Economic news

JGBs Dip on Sino-U.S. Agreement Hopes, 10-yr Yield Close 0%

Japanese government bond rates facilitated on Friday as news that the U.S. will suspend a few taxes on Chinese items helped risk craving and undermined the demand of bonds as a risk-off.

japanPhoto: Flickr

Benchmark 10-year Japanese government bond futures were down 0.14 point at 152.25, stuck in the current week's range.

The 10-year Japanese government bond yield added 0.5 bp to minus 0.020 percent, yet remained underneath the nine-month top of zero percent contacted not long ago.

The 20-year Japanese government bond yield added 1 bp to 0.300 percent, while the 30-year yield gained 1.5 bps to 0.445 percent.

The shorter end of the market was steadier.

The two-year Japanese government bond yield advanced by 0.5 bp to minus 0.125 percent and the five-year yield was unchanged at minus 0.130 percent.

The BOJ on Friday kept the measure of its purchasing in JGBs with one to ten years to maturity flat from the past activity.

With showcase focused on Sino-U.S. exchange spats, it demonstrated no reaction to the Bank of Japan's tankan corporate estimation review that indicated a drop in Japanese business state of mind.


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