News Column

Japan's key bond yield ends below 0.5% for 1st time in 16 months

August 18, 2014

The yield on the bellwether 10-year Japanese government bond ended Monday below 0.5 percent for the first time in around 16 months on buying against the backdrop of higher prices of U.S. and European government bonds due to escalating tensions in Ukraine.

The yield on the No. 334, 0.6 percent issue, the main yardstick of long-term interest rates, ended interdealer trading at 0.495 percent, down 0.005 percentage point from Friday's close.

Massive bond buying operations by the Bank of Japan also helped push down the yield, dealers said.

The price of the September futures contract for 10-year bonds was up 0.06 point to 146.22 on the Osaka Exchange.

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Source: Japan Economic Newswire

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