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JGB yields edge lower as markets await outcome of US election
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JGB yields edge lower as markets await outcome of US election
Nov 4, 2024 11:53 PM

TOKYO, Nov 5 (Reuters) - Japanese government bond yield

edged down on Tuesday, tracking U.S. Treasury yields lower in

the previous session, as market participants awaited the results

of the U.S. presidential election.

The 10-year JGB yield inched down 0.5 basis

point to 0.935%.

The two-year JGB yield fell 0.5 bp to 0.455%

and the five-year yield fell 1 bp to 0.57%.

"The market is cautious ahead of the U.S. election and

investors stayed away from active trading," said Naoya Hasegawa,

chief bond strategist at Okasan Securities.

U.S. Treasury yields slid across the board on Monday, as

traders squared up positions ahead of Tuesday's election.

Japan's financial markets were closed on Monday due to a

public holiday.

Yields on the 30-year JGB yield inched up 0.5

bp to 2.21%. The 40-year JGB yield also rose

0.5 bp to 2.555%.

The 20-year JGB yield was flat at 1.775%.

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