News Column

Japan's key bond yield ends flat at 0.580%

June 3, 2014

The yield on the benchmark 10-year Japanese government bond ended flat Tuesday as early bond selling on Tokyo share rises was offset by buying after a smooth auction of new 10-year government bonds.

The yield on the No. 333, 0.6 percent issue, the main barometer of long-term interest rates, ended interdealer trading at 0.580 percent, unchanged from Monday's close.

The price of the June futures contract for 10-year bonds declined 0.03 point to 145.37 on the Osaka Exchange.

On Tuesday, the Finance Ministry sold new 10-year Japanese government bonds at an auction with a coupon of 0.6 percent, unchanged from last month.

The benchmark long-term bonds, which will be newly issued on June 20, drew 8,202 billion yen in bids, of which the ministry accepted 2,190.4 billion yen.

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Source: Japan Economic Newswire