Wednesday, 22 May 2013 11:58
Posted by Shoaib-ur-Rehman Siddiqui
TOKYO: Japanese government bonds ended almost flat on Wednesday, erasing early gains on disappointment the Bank of Japan did not act to calm jitters rooted in the bond's market rout over the past six weeks.The 10-year yield stood near a one-year high hit a week ago and the market is seen as vulnerable as the BoJ's massive easing keeps pushing Japanese share prices higher and weakening the yen."Hardly any investors expected the yen's fall and a rally in shares of this magnitude. Everyone got it wrong so far. So some investors are starting to think that Japan's growth could be much higher than they had thought, if this continues," said Tohru Yamamoto, chief fixed income strategist at Daiwa Securities.The yield on the 10-year cash bonds stood unchanged at 0.880 percent, not far from the one-year high of 0.920 percent last Wednesday.Although JGBs had tracked gains in US bonds in early ...
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TOKYO: Japanese government bonds ended almost flat on Wednesday, erasing early gains on disappointment the Bank of Japan did not act to calm jitters rooted in the bond's market rout over the past six weeks.The 10-year yield stood near a one-year high hit a week ago and the market is seen as vulnerable as the BoJ's massive easing keeps pushing Japanese share prices higher and weakening the yen."Hardly any investors expected the yen's fall and a rally in shares of this magnitude. Everyone got it wrong so far. So some investors are starting to think that Japan's growth could be much higher than they had thought, if this continues," said Tohru Yamamoto, chief fixed income strategist at Daiwa Securities.The yield on the 10-year cash bonds stood unchanged at 0.880 percent, not far from the one-year high of 0.920 percent last Wednesday.Although JGBs had tracked gains in US bonds in early ...
TOKYO: Japanese government bond prices erased earlier losses and turned positive on the day on Wednesday after their three-day sell-off prompted bargain-hunting by investors.The 10-year JGB futures price was up 0.13 point on the day at 142.24, having recovered from low of 142.36 while the yield on the current 10-year bonds fell to 0.845 percent from a one-year high of 0.920 percent.Copyright Reuters, 2013 ...
TOKYO: US 10-year Treasuries skidded in Asian trading on Monday, pushing benchmark yields to two-month highs, as the US dollar rose to a fresh 4-1/2-year peak against the yen.The yen fell as low as 102.15 yen against the dollar, after the Group of Seven finance officials avoided censuring Japan's efforts to pull itself out of deflation, which have weakened its currency.Instead, G7 officials gave a tacit nod on Saturday to Japan's bold policies.Fixed-income market sentiment ...
SINGAPORE: US 10-year Treasuries sagged on Friday, after the previous day's jobless claims data eased some concern about the economy's outlook and as the dollar's rise to a four-year high versus the yen weighed on sentiment.The 10-year yield hit a one-month high of about 1.844 percent earlier, its highest level since early April. Ten-year notes were last down 8/32 in price and the 10-year yield stood at 1.841 percent, up roughly 3 basis points from ...
