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You are here: Home»Business»Managed Funds»JGBs firm as stocks sink, BOJ move eyed; 10-year yield at 4-week low

jgb--TOKYO: Japanese government bond prices rose on Wednesday, with benchmark yields falling to a four-week low, as a sharp pullback in Japanese stocks and heightening anticipation of more Bank of Japan stimulus lifted sentiment.

 

The improved tone piqued demand at a sale of five-year notes, and prompted life insurance companies to seek out bargains in the recently underperforming superlong zone.

 

"With expectations of BOJ easing again, the strength in JGBs might continue through next week," said Tomohiro Miyasaka, an analyst at Credit Suisse in Tokyo.

 

Sources close to the central bank said it would consider expanding stimulus again and double its inflation target to 2 percent at its Jan. 21-22 meeting.

 

The 10-year JGB yield fell 1.5 basis points to 0.750 percent, its lowest since Dec. 18, moving further away from a 4-1/2-month high of 0.840 percent touched several times last week.

 

The benchmark 10-year JGB futures contract ended up 0.17 point at 144.31 after rising as far as 144.35, its highest since Dec. 14, fuelled by a drop in equities.

 

Copyright Reuters, 2013


 



 
Index Closing Chg%
Arrow DJIA 18,037.97 0.23
Arrow Nasdaq 5,060.25 0.63
Arrow S&P 2,108.92 0.41
Arrow FTSE 7,103.98 0.47
Arrow DAX 12,039.16 1.93
Arrow CAC-40 5,268.91 1.30
Arrow Nikkei 19,983.32 0.18
Arrow H.Seng 28,433.59 1.33
Arrow Sensex 27,176.99 0.95





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Banking Review 2014


Annual2013/14
Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
MonthlyMarch
Trade Balance $-1.586 bln
Exports $1.932 bln
Imports $3.518 bln
WeeklyApril 16, 2015
Reserves $16.818 bln