JGBs gain on safe-haven demand as fears of second virus wave grip equities
- At the shorter end of the market, the two-year and the five-year yields fell 1 basis point each to minus 0.170pc and minus 0.120pc, respectively.
TOKYO: Japanese government bond (JGB) prices advanced broadly on Monday as sharp falls in equities on fears of second coronavirus wave increased the appeal of the safe-haven debt.
Benchmark 10-year JGB futures rose 0.15 point to 152.23, with a trading volume of 12,855 lots
The key 10-year cash JGB yield fell 1 basis point (bp) to 0pc.
The 20-year yield dropped 1 basis point to 0.360pc, while the 30-year yield lost 1.5 basis points to 0.515pc.
At the shorter end of the market, the two-year and the five-year yields fell 1 basis point each to minus 0.170pc and minus 0.120pc, respectively.
On the Tokyo stock exchange, the benchmark Nikkei average tumbled 3.5pc on Monday to hit its lowest level since May 27 as investors fled risk assets on concerns about a spike in new cases of COVID-19 worldwide.
Comments
Comments are closed.