financetom
Market
financetom
/
Market
/
Japan bond yields track US peers higher
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Japan bond yields track US peers higher
Apr 7, 2024 11:46 PM

TOKYO, April 8 (Reuters) - Japan's government bond (JGB)

yields rose on Monday, tracking U.S. Treasury yields higher,

with the Bank of Japan's (BOJ) regular bond-buying operation

having a smaller impact on the market.

The two-year government bond yield rose 1.5 basis

points (bps) to 0.225%, its highest since March 2011. The

10-year JGB yield rose 1.5 bps to 0.78%, its

highest since March 18.

U.S. Treasury yields rose at the end of last week after data

showed the world's largest economy created more jobs than

expected last month, suggesting that the Federal Reserve would

be in no rush to cut interest rates in the near term.

The two-year U.S. Treasury yield rose to 4.782%

in Asian trade, its highest since Nov. 28.

The BOJ on Monday maintained the amounts it offered to buy

for bonds maturing between one-year and more than 25 years.

The central bank last week defied market expectation and

kept the bond buying amount at its first operation for the year

intact.

The market had expected a cut as BOJ said last month it

would scale back the maximum limit of its purchases of JGBs in

the April-June quarter.

"The BOJ will probably keep the amounts intact for a while,

as they kept the offer amounts for bonds even for 3-5 year

maturities intact today," Ataru Okumura, senior rates strategist

at SMBC Nikko Securities said.

The Ministry of Finance has cut the annual issuance of JGBs

with 20-year and shorter maturities in this fiscal year starting

April 1, with the two-year bond issuance being cut by 3.6

trillion yen ($23.72 billion) in the biggest margin in terms of

amounts.

On Monday, the five-year yield rose 0.5 bp to

0.385%.

The 20-year JGB yield rose 1 bp to 1.540%

while the 30-year JGB yield gained 2 bps to

1.825%.

The 40-year JGB yield climbed 2.5 bps to

2.135%.

($1 = 151.7900 yen)

(Reporting by Junko Fujita; Editing by Mrigank Dhaniwala)

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 >
US Equity Indexes Rise Following Amazon's Quarterly Earnings, Noisy Nonfarm Payrolls
US Equity Indexes Rise Following Amazon's Quarterly Earnings, Noisy Nonfarm Payrolls
Nov 4, 2024
12:37 PM EDT, 11/01/2024 (MT Newswires) -- US equity indexes rose after quarterly earnings from Amazon.com ( AMZN ) lifted sentiment and government bond yields traded mixed amid a noisy jobs report. The S&P 500 climbed 1% to 5,762.1 after midday Friday, with the Nasdaq Composite up 1.3% to 18,328.4 and the Dow Jones Industrial Average 1.2% higher at 42,257.8....
US STOCKS-Wall St jumps as Amazon's gains offset weak jobs growth, Apple sales
US STOCKS-Wall St jumps as Amazon's gains offset weak jobs growth, Apple sales
Nov 4, 2024
(For a Reuters live blog on U.S., UK and European stock markets, click or type LIVE/ in a news window.) * Amazon.com ( AMZN ) leaps as retail strength boosts profit * Chevron ( CVX ), Exxon rise after results * US jobs growth slows sharply in October * Indexes up: Dow 1.13%, S&P 500 0.90%, Nasdaq 1.23% (Updated at...
Top Midday Stories: Amazon Shares Rise on Earnings Beat; Union Endorses Boeing's Latest Contract Proposal
Top Midday Stories: Amazon Shares Rise on Earnings Beat; Union Endorses Boeing's Latest Contract Proposal
Nov 4, 2024
12:01 PM EDT, 11/01/2024 (MT Newswires) -- All three major US stock indexes were up in midday trading Friday, as investors gravitated toward earnings reports from technology giants and looked past surprisingly low nonfarm payroll numbers. Apple ( AAPL ) reported fiscal Q4 adjusted earnings late Thursday of $1.64, up from $1.46 a year earlier and above the Capital IQ...
Shorter-dated euro zone bond yields fall on weak US jobs data
Shorter-dated euro zone bond yields fall on weak US jobs data
Nov 4, 2024
(Updates prices at 1610 GMT) By Harry Robertson and Medha Singh Nov 1 (Reuters) - Two-year euro zone bond yields fell on Friday after data showed the U.S. labour market slowed sharply in October, adding to signs of a cooling in the world's biggest economy. U.S. nonfarm payrolls grew by just 12,000 in October, in a month when hurricanes and...
Copyright 2023-2025 - www.financetom.com All Rights Reserved