From The Economic Times · Anupam Nagar · · 1m 10s
Japanese Bond Yields Drop to Multiweek Lows
Japanese government bond yields hit multiweek lows as investors seek safe havens ahead of Bank of Japan meeting.
In brief
Japanese government bond yields hit multiweek lows as investors seek safe havens ahead of Bank of Japan meeting. Japanese government bond yields fell to multiweek lows ahead of Bank of Japan policy meeting amid geopolitical tensions and inflation concerns. Originally reported by The Economic Times.
Japanese government bonds
Japanese government bonds have benefited from safe-haven demand in recent sessions.
Yields fall to multiweek lows
Japanese government bond yields fell to multiweek lows on Thursday as investors sought safe-haven assets amid geopolitical uncertainties and inflation concerns.
10-year JGB yield drops
The benchmark 10-year JGB yield declined 1 basis point to 2.88%, its lowest level since September 9.
5-year JGB yield drops
The five-year yield fell 1.5 basis points to 2.285%, its lowest since September 18.
30-year JGB yield drops
The 30-year yield dropped 2.5 basis points to 3.895%, the lowest since August 6.
BOJ meeting expected
The Bank of Japan is widely expected to keep interest rates unchanged at its policy meeting next Friday.
Rate hike probability
Markets are pricing in a roughly 60% probability of a 25-basis-point rate hike by the end of the subsequent meeting in December.
The takeaway
Japanese government bond yields fell to multiweek lows ahead of Bank of Japan policy meeting amid geopolitical tensions and inflation concerns.
