Japanese government bonds gain with 30-year yield hitting its lowest in 3 months

130206

Japanese government bonds gain with 30-year yield hitting its lowest in 3 months

Japanese government bonds (JGBs) saw gains on Monday with the yield of 30-year bonds hitting its lowest in 3 months. The drop in its yield level has been due to growing concerns about the new Coronavirus China that has started to spread to other countries.

Benchmark 10-year JGB futures rose 0.26 point to 152.59, climbing to their highest since early December.

The yield on the benchmark 10-year cash JGBs dropped 2 basis points to minus 0.045% after having briefly hit an eight-week low of minus 0.05%.

The yield curve flattened as long-dated bonds with positive yields drew more bids. The 20-year JGB yield has been seen falling by 3 basis points to a two-month low of 0.235%.

The 30-year JGB yield fell 3.5 basis points to 0.370%, a trough last seen on November 5.

The current 40-year JGBs were left untraded by mid-afternoon ahead of an auction of 400 billion Yen for 40-year JGBs on Tuesday.

The information and recommendations contained in this analytical document are published strictly for information purposes and are not considered as an offer to buy or sell the trading tools mentioned above and are not intended to motivate to perform certain transactions
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