News Column

Japan's key bond yield briefly slips below 0.5%

August 15, 2014



The yield on the benchmark 10-year Japanese government bond temporarily fell below 0.5 percent on Friday for the first time since April 2013, when the Bank of Japan implemented large-scale monetary easing steps.

The yield on the No. 334, 0.6 percent issue, the main yardstick of long-term interest rates, fell to as low as 0.495 percent before ending the day's interdealer trading at 0.500 percent, unchanged from Thursday's close.

Traders said the temporal decline in the yield reflects overnight falls in U.S. and European long-term interest rates as well as the Bank of Japan's bond-buying program.

The price of the September futures contract for 10-year bonds declined 0.01 point to 146.16 on the Osaka Exchange.



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Source: Japan Economic Newswire


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