Economic news

JGBs Slip as Risk-Off Demand for Debt Blurs

Japanese government bond (JGB) rates skidded extensively on Wednesday, overloaded by more fragile U.S. Treasuries and as increases in equity indicators scratched the attraction of risk-off debt.

japanPhoto: Flickr

Benchmark 10-year Japanese government bond futures dropped 0.18 points to 152.67. The yield on the benchmark 10-year money Japanese government bonds added 1.5 bps to minus 0.040 percent.

The two-year Japanese government bond yield advanced by 1 basis point to minus 0.145 percent, while the 5-year yield gained 1.5 basis points to minus 0.145 percent.

The super-long zone took action accordingly, with the 20-year yield attaching 1.5 basis points to 0.265 percent, while the 30-year yield gained 2.5 basis points to 0.415 percent.

On Tuesday, U.S. Treasury yields advanced and Wall Street shares bounced as traders developed progressively comfortable with risk, empowered by China's means because of the coronavirus episode.

In Tokyo, the Nikkei share average climbed 1.1 percent in late evening exchange as increases on Wall Street and a more fragile yen floated trader mood.

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