financetom
Market
financetom
/
Market
/
JGB yields hit multi-year highs, tracking US Treasury yields higher
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
JGB yields hit multi-year highs, tracking US Treasury yields higher
Jan 5, 2025 10:26 PM

TOKYO, Jan 6 (Reuters) - Japanese government bond yields

rose to multi-year highs on Monday, the first trading day for

2025, tracking U.S. Treasury yields higher, with an auction in

the next session weighing on sentiment.

The 10-year JGB yield rose 3.5 basis points

to 1.125%, its highest level since July 2011.

"The yield rose to track U.S. Treasury yields higher during

Japan trading hours," said Takahiro Otsuka, senior fixed income

strategist at Mitsubishi UFJ Morgan Stanley Securities.

Otsuka said market players were cautious ahead of the

auction of the 10-year JGBs on Tuesday, though it may draw firm

demand with the yield hovering at a more than 13-year high.

The finance ministry will auction 10-year bonds on Tuesday.

The five-year yield rose 3.5 bps to 0.77%, its

highest since June, following an announcement for an increase in

sale of those bonds in the new fiscal year.

Japan's Ministry of Finance said last month it will raise

the sale of five-year bonds by 1.2 trillion yen ($7.61

billion)to 28.8 trillion yen in a move to shorten the duration

of bonds in the market.

The 20-year JGB yield rose 2.5 bps to 1.91%

and the 30-year JGB yield also rose 2.5 bps to

2.305%.

The 40-year JGB yield was higher by 3.5 bps

to 2.655%.

($1 = 157.7500 yen)

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Update: Gold Closes Down From a Record High As Markets Parse Federal Reserve Comments
Update: Gold Closes Down From a Record High As Markets Parse Federal Reserve Comments
Apr 4, 2024
02:05 PM EDT, 04/04/2024 (MT Newswires) -- Gold closed lower on Thursday for the first time in eight sessions following a record run that pushed prices above US$2,300 for the first time as investors mull day-prior comments from Federal Reserve chair Jerome Powell while they await interest-rate cuts from the central bank. Gold for June delivery closed down US$6.50 to...
Sector Update: Financial Stocks Gain Thursday Afternoon
Sector Update: Financial Stocks Gain Thursday Afternoon
Apr 4, 2024
01:45 PM EDT, 04/04/2024 (MT Newswires) -- Financial stocks were advancing in Thursday afternoon trading, with the NYSE Financial Index rising 0.9% and the Financial Select Sector SPDR Fund (XLF) ahead 0.6%. The Philadelphia Housing Index added 0.2% and the Real Estate Select Sector SPDR Fund (XLRE) was up 0.6%. Bitcoin (BTC-USD) was increasing 3.3% to $68,113, and the yield...
What's Going On With Block Stock Thursday?
What's Going On With Block Stock Thursday?
Apr 4, 2024
Block Inc ( SQ ) shares were trading lower after Morgan Stanley analyst James Faucette downgraded the stock from Equal-Weight to Underweight and lowered its price target from $62 to $60. Benchmark analyst Mark Palmer reiterated a Buy rating on Block while raising his price target to $99 from $89. While Block’s share price has risen by more than 21% since the company reported better-than-expected...
Wall Street rallies after bullish data
Wall Street rallies after bullish data
Apr 4, 2024
US stock indices surged on Thursday following strong US labor data. Government data showed US unemployment claims rose by 9 thousand to 221 thousand in the week ending March 30, hitting nine-week highs. Bloombergs analysts said the government sector is responsible for most of the layoffs in March, followed by the tech sector, then finance. Analysts believe the US labor...
Copyright 2023-2026 - www.financetom.com All Rights Reserved