Japan : JGBs slip, tracking retreat by U.S. Treasuries
Wed Aug 17 2016
Lucy Harlow (3516 articles)

Japan : JGBs slip, tracking retreat by U.S. Treasuries

TOKYO : Japanese government bond prices slipped on Wednesday, with the market tracking an overnight retreat by U.S. Treasuries. A bounce by Tokyo equities also dented the appeal of safe-haven debt and weighed on JGBs.

Mid-term JGBs also sagged on caution ahead of Thursday’s five-year debt auction, with the five-year yield rising 1.5 basis points to minus 0.160 percent.

The benchmark 10-year JGB yield rose 1.5 basis points to minus 0.085 percent. The 20-year yield also climbed 1.5 basis points, to 0.285 percent.

Treasuries slipped on Tuesday, with the two-year yield touching a near-three-week high as comments from two top Federal Reserve officials rekindled bets the U.S. central bank may raise interest rates by year-end.

Tokyo’s Nikkei rose 0.6 percent on bargain hunting following the previous day’s fall to a 1-week low.

Lucy Harlow

Lucy Harlow

Lucy Harlow is a senior Correspondent who has been reporting about Commodities, Currencies, Bonds etc across the globe for last 10 years. She reports from New York and tracks daily movement of various indices across the Globe


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