JGBs fall slightly, curve steepens as US Treasuries retreat

10 Apr, 2017

The 10-year JGB futures dropped 0.04 point to 150.56, while the yield on the benchmark cash 10-year JGB rose 0.5 basis point to 0.050 percent.

U.S. bond yields jumped on Friday following U.S. missile attacks in Syria and weaker-than-expected payroll data.

Many market players attributed the rise to comments from New York Federal Reserve President William Dudley, who said the U.S. central bank's plan to shrink its bond portfolio this year would not significantly delay its interest rate-hiking cycle.

The JGB yield curve steepened slightly as yields on longer-dated rose slightly more than shorter ones.

The 30-year JGB yield rose 1.0 basis point to 0.840 percent  while the two-year yield was flat at minus 0.220 percent.

Copyright Reuters, 2017
 

Read Comments