Japan’s 10-year bond yields fall as BOJ maintains rate targets

20-Jan-2022 Intellasia | Reuters | 5:02 AM Print This Post

Japan’s benchmark 10-year bond yields fell on Wednesday, after the Bank of Japan kept its interest rate targets unchanged, though rising US bond yields limited losses.

The BOJ left unchanged a 0.1 percent target for short-term interest rates and a pledge to guide long-term rates around 0 percent at a two-day meeting that ended on Tuesday. read more

The benchmark 10-year JGB yield fell 0.5 basis point (bps) to 0.140 percent and the 10-year JGB futures rose 0.15 point to 150.89, with a trading volume of 16,919 lots.

US Treasury yields extended gains during the Asian trading hours, with the 10-year yields hitting their highest since January 2020, as traders prepared for the Federal Reserve to be more aggressive in tackling unabated inflation.

The 20-year JGB yield was flat at 0.530%, while the 30-year JGB yield rose 0.5 bps to 0.715%.

The 40-year JGB yield was flat at 0.750%.

The two-year JGB yield was unchanged at minus 0.075 percent and the five-year yield fell 0.5 bps to minus 0.030%.



Category: Japan

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