HALISTER1: Japan’s 30-Year Bond Yield Touches Record Low as Yen Gains

Japan’s 30-Year Bond Yield Touches Record Low as Yen Gains

(Bloomberg) -- Yield on Japan’s 30-year govt bond drops 2 bps to 0.400% after reaching all-time low of 0.395%; 10-year yield declines 1.5 bps to -0.085%.
  • Lowest yield spreads at BOJ’s offering today to buy JGBs from secondary market declined for 1-3 year sector, 10-25 year segment and tenors over 25 years, compared with prior operations of identical maturities, according to data compiled by Bloomberg
  • Stronger yen, lower oil prices and BOJ’s bond purchases are all supportive of buying interest in JGBs, Tomohisa Fujiki, Tokyo-based chief rates strategist at BNP Paribas, says in an interview
  • Yen advances 0.2% to 111.45 per dollar; WTI crude futures fall 1.1%
  • NOTE: Ministry of Finance is slated to sell 10-year notes tomorrow in its first JGB offering during Japan’s fiscal year that started April 1
Alert: HALISTER1
Source: BFW (Bloomberg First Word)

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Tomohisa Fujiki (BNP Paribas SA)

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