AIRLINK 173.15 Increased By ▲ 15.74 (10%)
BOP 10.65 Increased By ▲ 0.28 (2.7%)
CNERGY 8.50 Increased By ▲ 0.18 (2.16%)
CPHL 98.10 Increased By ▲ 5.21 (5.61%)
FCCL 46.85 Increased By ▲ 0.12 (0.26%)
FFL 15.47 Increased By ▲ 0.59 (3.97%)
FLYNG 28.00 Increased By ▲ 1.02 (3.78%)
HUBC 138.99 Increased By ▲ 4.98 (3.72%)
HUMNL 12.76 Increased By ▲ 0.24 (1.92%)
KEL 4.55 Increased By ▲ 0.34 (8.08%)
KOSM 5.50 Increased By ▲ 0.11 (2.04%)
MLCF 61.80 Increased By ▲ 0.92 (1.51%)
OGDC 214.25 Increased By ▲ 5.73 (2.75%)
PACE 5.57 Increased By ▲ 0.17 (3.15%)
PAEL 44.86 Increased By ▲ 4.08 (10%)
PIAHCLA 18.69 Decreased By ▼ -0.11 (-0.59%)
PIBTL 10.74 Increased By ▲ 0.76 (7.62%)
POWER 12.20 Increased By ▲ 0.24 (2.01%)
PPL 173.60 Increased By ▲ 4.83 (2.86%)
PRL 36.20 Increased By ▲ 1.17 (3.34%)
PTC 23.70 Increased By ▲ 0.71 (3.09%)
SEARL 95.50 Increased By ▲ 2.40 (2.58%)
SSGC 39.13 Increased By ▲ 3.56 (10.01%)
SYM 14.02 Increased By ▲ 0.36 (2.64%)
TELE 7.24 Increased By ▲ 0.29 (4.17%)
TPLP 10.32 Increased By ▲ 0.32 (3.2%)
TRG 64.70 Increased By ▲ 4.03 (6.64%)
WAVESAPP 10.06 Increased By ▲ 0.36 (3.71%)
WTL 1.33 Increased By ▲ 0.03 (2.31%)
YOUW 3.74 Increased By ▲ 0.09 (2.47%)
BR100 12,483 Increased By 243.8 (1.99%)
BR30 37,662 Increased By 1269.3 (3.49%)
KSE100 116,189 Increased By 2036.1 (1.78%)
KSE30 35,750 Increased By 549.8 (1.56%)

TOKYO: Japanese government bond yields rose on Wednesday as a senior Bank of Japan (BOJ) official reiterated the central bank’s readiness to raise rates if inflation stayed on course.

BOJ Deputy Governor Ryozo Himino said there was no change to the central bank’s stance that it would adjust monetary easing if economic activity and prices were likely to meet projections.

The 10-year JGB yield rose 1.5 basis points (bps) to 0.890%.

The five-year yield rose 1 bp to 0.505%.

“The comments from Himino were not a surprise but were the only cue that moved yields today,” said Katsutoshi Inadome, a senior strategist at Sumitomo Mitsui Trust Asset Management.

“Trading was thin after the market digested big events at the end of last week, so a small sell-off could have lifted the yields higher,” said Inadome, referring to remarks by Federal Reserve Chair Jerome Powell and BOJ Governor Kazuo Ueda.

Japan’s 2 year bond yield hits 13-year high as BOJ chief hints chance of another rate hike

Last week, Powell endorsed an imminent start to rate cuts, while Ueda reaffirmed his resolve to raise rates.

The two-year JGB yield rose 1 bp to 0.37%. The 20-year JGB yield rose 1 bp to 1.690%.

The 30-year JGB yield fell 0.5 bp to 2.045%.

The 40-year JGB yield rose 1 bp to 2.315%.

Comments

Comments are closed.