Thursday, October 28

JGB yields rise as Japan’s equities extend rally


Article content

TOKYO — Japanese government bond yields rose on Friday, tracking US Treasury yields higher, while stronger domestic equities market also dimmed demand for save-haven debt.

The 10-year JGB yield rose one basis point to 0.080%, while the 20-year JGB yield rose 1.5 basis points to 0.460%.

US Treasury yields rose overnight after the US Senate’s approval of legislation to temporarily raise the federal government’s debt limit to avoid a potential default.

On Friday Japanese stocks rose for a second day, tracking Wall Street.

The 30-year JGB yield rose 1.5 basis points to 0.690% and the 40-year JGB yield rose 1 basis point to 0.775%.

The two-year JGB yield rose 0.5 basis point to minus 0.120% and the five-year yield rose 0.5 basis point to minus 0.085%.

Benchmark 10-year JGB futures fell 0.08 point to 151.32, with a trading volume of 23,493 lots.

(Reporting by Tokyo markets team; Editing by Simon Cameron-Moore)



financialpost.com

Leave a Reply

Your email address will not be published. Required fields are marked *