Economic news

JGBs Gain as Coronavirus Jitters Weight on China Markets

Japanese government bond costs rose on Monday, as Chinese shares tumbled forcefully in their first exchanging session following an extended Lunar New Year holiday because of stresses over the financial effect of the quick spreading new coronavirus flare-up.

japan fudjiPhoto: Flickr

The loss of life from this flu-like virus in China added to 361 and the number of diseases to 17,205.

Benchmark 10-year Japanese government bond futures added 0.16 points to 153.02, with an exchanging volume of 17,107 lots.

The 10-year Japanese government bond yield dropped 1 bp to minus 0.075 percent, while the 20-year Japanese government bond yield slipped 0.5 bp to 0.225 percent.

The 30-year Japanese government bond yield was unchanged at 0.365 percent.

The 5-year yield skidded 1.5 bps to minus 0.185 percent.

The 2-year Japanese government bond yield was flat at minus 0.160 percent.

Source: Reuters

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