News Column

Japan's key bond yield hits fresh 16-month low

August 28, 2014

The yield on the bellwether 10-year Japanese government bond continued to fall on Thursday on buying prompted by lower long-term interest rates overseas as well as weak Tokyo stocks.

The yield on the No. 334, 0.6 percent issue, the main yardstick of long-term interest rates, ended interdealer trading at 0.485 percent, down 0.005 percentage point from Wednesday's close that was the lowest level since early April last year.

The price of the September futures contract for 10-year bonds was up 0.05 point at 146.29 on the Osaka Exchange.

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Source: Japan Economic Newswire

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