News Column

Japan's key bond yield falls on Tokyo stock tumble

May 7, 2014

The yield on the benchmark 10-year Japanese government bond ended lower Wednesday as sharp losses in Tokyo stocks heightened risk aversion and prompted bond buying.

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, down 0.010 percentage point from Friday's close. Japanese financial markets were closed Monday and Tuesday for public holidays.

The price of the June futures contract for 10-year bonds rose 0.12 point to 145.21 on the Osaka Exchange.

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Source: Japan Economic Newswire

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