Economic news

JGBs track worldwide bond sell-off as risk attraction grows

On Wednesday JGB rates dropped, following an ongoing worldwide bond sell-off, as good faith toward Sino-U.S. exchange negotiations and moves Britain to delay disordered withdrawal from the EU supported risk attraction.

japanPhoto: Flickr

Benchmark 10-year Japanese government bond futures lost 0.27 point to 154.40, with an exchanging volume of 19,232 lots. At a certain point, futures touched the weakest level in nearly five weeks.

The 10-year Japanese government bond yield gained 3 bps to minus 0.200 percent, the strongest since Aug. 9.

The 20-year JGB yield advanced by 1.5 basis points to 0.160 percent, while the 30-year JGB yield added 1.5 basis points to 0.290 percent.

At the short part of the curve, the two-year JGB yield edged by 1.5 bps higher to minus 0.280 percent.

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