ANL 10.41 Decreased By ▼ -0.09 (-0.86%)
ASC 9.01 Decreased By ▼ -0.18 (-1.96%)
ASL 11.07 Decreased By ▼ -0.06 (-0.54%)
AVN 76.90 Increased By ▲ 0.55 (0.72%)
BOP 5.44 No Change ▼ 0.00 (0%)
CNERGY 5.25 Decreased By ▼ -0.02 (-0.38%)
FFL 6.60 Increased By ▲ 0.03 (0.46%)
FNEL 5.85 Decreased By ▼ -0.05 (-0.85%)
GGGL 10.96 Decreased By ▼ -0.12 (-1.08%)
GGL 16.48 Increased By ▲ 0.04 (0.24%)
GTECH 8.63 Increased By ▲ 0.11 (1.29%)
HUMNL 6.82 Decreased By ▼ -0.07 (-1.02%)
KEL 2.86 Decreased By ▼ -0.04 (-1.38%)
KOSM 3.19 Decreased By ▼ -0.01 (-0.31%)
MLCF 25.69 Decreased By ▼ -1.22 (-4.53%)
PACE 2.95 Decreased By ▼ -0.05 (-1.67%)
PIBTL 5.95 Increased By ▲ 0.04 (0.68%)
PRL 17.21 Increased By ▲ 0.32 (1.89%)
PTC 6.97 No Change ▼ 0.00 (0%)
SILK 1.23 Increased By ▲ 0.06 (5.13%)
SNGP 36.41 Increased By ▲ 0.11 (0.3%)
TELE 10.73 Increased By ▲ 0.14 (1.32%)
TPL 9.03 Decreased By ▼ -0.10 (-1.1%)
TPLP 19.70 Decreased By ▼ -0.21 (-1.05%)
TREET 28.60 No Change ▼ 0.00 (0%)
TRG 76.25 Decreased By ▼ -0.05 (-0.07%)
UNITY 19.88 Increased By ▲ 0.03 (0.15%)
WAVES 12.80 Increased By ▲ 0.14 (1.11%)
WTL 1.37 Increased By ▲ 0.01 (0.74%)
YOUW 5.00 Decreased By ▼ -0.07 (-1.38%)
BR100 4,057 Decreased By -34.6 (-0.85%)
BR30 14,907 Decreased By -45.7 (-0.31%)
KSE100 41,103 Decreased By -245.6 (-0.59%)
KSE30 15,635 Decreased By -101.8 (-0.65%)
Markets

JGBs rise as virus impact fuels equities sell-off

Benchmark 10-year JGB futures rose 0.21 point to 152.79 in mid-afternoon trade. The yield on the benchmark 10-
18 Feb, 2020
  • Benchmark 10-year JGB futures rose 0.21 point to 152.79 in mid-afternoon trade.
  • The yield on the benchmark 10-year cash JGBs dropped 2 basis points (bps) to minus 0.060pc.
  • The auction bid-to-cover ratio, a gauge of demand, was 4.49, slightly higher than 4.48 at the previous sale last month.

TOKYO: Japanese government bond (JGB) prices gained broadly on Tuesday, as a slide in equities increased the appeal of the safe-haven debt after Apple Inc warned on quarterly revenue due to the coronavirus epidemic in China.

Local stocks fell to two-week lows on Tuesday, dragged down by tech companies as Apple said iPhone production and demand in China slowed due to the virus outbreak.

Benchmark 10-year JGB futures rose 0.21 point to 152.79 in mid-afternoon trade.

The yield on the benchmark 10-year cash JGBs dropped 2 basis points (bps) to minus 0.060pc.

The five-year yield fell 1.5 basis points to minus 0.150pc, while the two-year JGB yield dropped half a basis point to minus 0.150pc.

The super-long zone followed suit, with the 20-year yield declining 2 basis points to 0.220pc and the 30-year yield losing 2.5 bps to 0.345pc.

Tuesday's 1.9 trillion yen ($17.3 billion) 5-year JGB auction drew healthy investor interest.

The auction bid-to-cover ratio, a gauge of demand, was 4.49, slightly higher than 4.48 at the previous sale last month.

Comments

Comments are closed.