AGL 8.30 Increased By ▲ 0.44 (5.6%)
ANL 10.59 Increased By ▲ 0.24 (2.32%)
AVN 78.60 Increased By ▲ 0.70 (0.9%)
BOP 5.45 Increased By ▲ 0.06 (1.11%)
CNERGY 5.59 Increased By ▲ 0.58 (11.58%)
EFERT 80.25 Decreased By ▼ -0.55 (-0.68%)
EPCL 69.60 Increased By ▲ 1.50 (2.2%)
FCCL 15.30 Increased By ▲ 0.74 (5.08%)
FFL 6.53 Increased By ▲ 0.33 (5.32%)
FLYNG 7.18 Increased By ▲ 0.53 (7.97%)
GGGL 10.85 Increased By ▲ 0.27 (2.55%)
GGL 16.79 Increased By ▲ 0.38 (2.32%)
GTECH 8.14 Increased By ▲ 0.02 (0.25%)
HUMNL 7.04 Increased By ▲ 0.02 (0.28%)
KEL 2.99 Increased By ▲ 0.11 (3.82%)
LOTCHEM 30.77 Increased By ▲ 2.24 (7.85%)
MLCF 28.98 Increased By ▲ 2.03 (7.53%)
OGDC 82.75 Increased By ▲ 0.60 (0.73%)
PAEL 16.97 Increased By ▲ 0.32 (1.92%)
PIBTL 6.08 Increased By ▲ 0.24 (4.11%)
PRL 18.10 Increased By ▲ 1.35 (8.06%)
SILK 1.15 Increased By ▲ 0.05 (4.55%)
TELE 11.25 Increased By ▲ 0.28 (2.55%)
TPL 9.20 Decreased By ▼ -0.02 (-0.22%)
TPLP 19.88 Increased By ▲ 0.22 (1.12%)
TREET 26.46 Increased By ▲ 0.55 (2.12%)
TRG 94.60 Increased By ▲ 0.99 (1.06%)
UNITY 19.50 Increased By ▲ 0.50 (2.63%)
WAVES 14.34 Increased By ▲ 0.78 (5.75%)
WTL 1.30 Increased By ▲ 0.06 (4.84%)
BR100 4,187 Increased By 80.1 (1.95%)
BR30 15,474 Increased By 343.5 (2.27%)
KSE100 42,096 Increased By 670.9 (1.62%)
KSE30 15,883 Increased By 222.7 (1.42%)

TOKYO: Japan’s 10-year government bond yields remained at the upper limit of the Bank of Japan’s target on Thursday, even as the central bank ramped up efforts to defend its target.

The central bank on Thursday launched a purchase of unlimited amounts of the bonds that would continue until next Tuesday to keep the 10-year JGBs from rising above the implicit 0.25% cap it sets around its 0% target.

The central bank boosted its defence on Wednesday after its single-day operation failed to lower the benchmark yields.

On the first day of its beefed-up operation, the bank had received no bids.

“With the BOJ’s latest move, the market reaffirmed the central bank’s message that it would defend its yield cap aggressively,” said Keiko Onogi, senior JGB strategist at Daiwa Securities.

“If the yields on 10-year JGBs are about to exceed 0.25%, the central bank would take the same or similar measures to defend its policy.” The 10-year JGB yield unchanged at 0.25%, and the 20-year JGB yield was flat at 0.775%.

The 30-year JGB yield rose 1 basis point to 0.990%. The 40-year JGB yield rose 0.5 basis point to 1.070%.

The two-year JGB yield fell 0.5 basis point to minus 0.055%. The five-year yield fell 1.5 basis points to 0.015%. Benchmark 10-year JGB futures rose 0.05 point to 149.15, with a trading volume of 18,134 lots.

Comments

Comments are closed.