JGB yields fall taking cues from US Treasuries

Benchmark 10-year JGB futures rose 0.09 point to 152.36, with a trading volume of 10,396 lots, while the 10-year JG
21 May, 2020
  • Benchmark 10-year JGB futures rose 0.09 point to 152.36, with a trading volume of 10,396 lots, while the 10-year JGB yield fell 0.5 basis point to minus 0.005pc.
  • The 20-year JGB yield and the 30-year JGB yield dropped 1.5 basis points each to 0.315pc and 0.445pc, respectively.

Benchmark 10-year JGB futures rose 0.09 point to 152.36, with a trading volume of 10,396 lots, while the 10-year JGB yield fell 0.5 basis point to minus 0.005pc.

The 20-year JGB yield and the 30-year JGB yield dropped 1.5 basis points each to 0.315pc and 0.445pc, respectively.

The 40-year JGB yield slipped 2.5 basis points to 0.455pc.

At the short end of the curve, the two-year JGB yield fell 1 basis point to minus 0.180pc while the five-year yield fell 0.5 basis point to minus 0.130pc.

US Treasury yields fell slightly on Wednesday as market players sought the safety of government debt after the launch of $20 billion of 20-year bond sale for the first time since 1986.

The Bank of Japan kept the size of its bond purchases unchanged on Thursday, buying 340 billion yen of 1-3 year JGBs and 350 billion yen of 3-5 year JGBs.

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