News Column

Japan's key bond yield falls to 0.515%

August 5, 2014

The yield on the bellwether 10-year Japanese government bond finished lower Tuesday on buying after a smooth auction of 10-year government bonds and falls in Tokyo stocks.

The yield on the No. 334, 0.6 percent issue, the main yardstick of long-term interest rates, ended interdealer trading at 0.515 percent, down 0.010 percentage point from Monday's close.

The price of the September futures contract for 10-year bonds climbed 0.07 point to 146.06 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 drew 9,337.4 billion yen in bids, of which the ministry accepted 2,178.1 billion yen.

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Source: Japan Economic Newswire

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