News Column

Japan's key bond yield rises on Tokyo stocks' sharp gains

May 22, 2014

The yield on the benchmark 10-year Japanese government bond ended higher Thursday as Tokyo stocks' sharp rebound reduced demand for the government's debt as a safer asset.

The yield on the No. 333, 0.6 percent issue, the main yardstick of long-term interest rates, ended interdealer trading at 0.595 percent, up 0.005 percentage point from Wednesday's close.

The price of the June futures contract for 10-year bonds declined 0.08 point to 145.14 on the Osaka Exchange.

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Source: Japan Economic Newswire