JGBs edge higher as BOJ debt-buying operation helps, Trump awaited

21-Jan-2017 Intellasia | Reuters | 6:00 AM Print This Post

Japanese government bond prices edged higher on Friday as a regular debt-buying operation by the Bank of Japan helped offset pressure from an overnight drop in US Treasuries.

March 10-year JGB futures gained 0.15 point to 150.24.

The benchmark 10-year JGB yield fell 1 basis point to 0.060 percent, pulling away from a one-month high of 0.075 percent struck the previous day.

That peak in yield was hit after Federal Reserve Chair Janet Yellen signalled faster interest rates than markets had been anticipating and as an auction of five-year JGBs drew tepid demand.

Investor focus was on Donald Trump’s inauguration as US president later in the day and its potential impact on the global bond and currency markets.

US Treasury prices fell and yields surged to two-week highs on Thursday after data showed solid growth for the world’s no. 1 economy.



Category: Japan

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