News Column

Japan's key bond yield falls to 16-month low

August 27, 2014

The yield on the bellwether 10-year Japanese government bond finished at a 16-month low Wednesday as buying took the upper hand due partly to a smooth bond-buying operation by the Bank of Japan.

The yield on the No. 334, 0.6 percent issue, the main yardstick of long-term interest rates, ended interdealer trading at 0.490 percent, down 0.005 percentage point from Tuesday's close.

The price of the September futures contract for 10-year bonds was up 0.05 point at 146.24 on the Osaka Exchange.

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Source: Japan Economic Newswire

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