TOKYO: Japanese government bond prices rose on Tuesday, with the 10-year yield hitting a near-decade low for a fourth straight day after Bank of Japan chief Haruhiko Kuroda said buying longer-dated debt was a policy option to pursue monetary easing.Buying in the longer-dated sectors by pension funds and life insurers ahead of Japan's fiscal year-end on March 31 also helped flatten the yield curve.Kuroda, who became the BOJ governor last week, told parliament that extending the duration of JGBs the central bank targets to five years, from the current three years, to ease monetary policy would be among future policy options.The 10-year yield fell 2.5 basis points to 0.530 percent after earlier dropping to 0.525 percent, its lowest level since June 2003.Ten-year futures hit a record high of 145.95. They ended the morning session at 145.87, up 0.20 point in relatively heavy volume, with 17,654 contracts changing hands, up from ...
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