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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 17,810.06 0.51
Arrow Nasdaq 4,712.97 0.24
Arrow S&P 2,063.50 0.52
Arrow FTSE 6,750.76 1.08
Arrow DAX 9,732.55 2.62
Arrow CAC-40 4,347.23 2.67
Arrow Nikkei 17,357.51 0.33
Arrow H.Seng 23,437.12 0.37
Arrow Sensex 28,334.63 0.95






Banking Review 2013


Annual2013/14
Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
MonthlySeptember
Trade Balance $-2.380 bln
Exports $2.181 bln
Imports $4.561 bln
WeeklyNovember 13, 2014
Reserves $13.268 bln