HALISTER1: JGBs Decline; 10-Year Yield May See Buy on Dip at 0.05%: JPM

JGBs Decline; 10-Year Yield May See Buy on Dip at 0.05%: JPM

(Bloomberg) -- JGBs fall across curve on back of market correction of recent rally, says Takafumi Yamawaki, Tokyo-based chief rates strategist at JPMorgan, in an interview.
  • While 10-year yield of 0.05% may see buy-on-dip interest, trading volume is small and investors seem to be taking a wait-and-see stance: Yamawaki
  • Says U.S.’s quarterly funding scheduled for this week may weigh on global bond markets
  • Two-year yield up 0.5 bp to -0.190%; 10-year yield up 2.5 bps to 0.045% and 30-year yield up 1.5 bps to 1.070%
Alert: HALISTER1
Source: BFW (Bloomberg First Word)

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Takafumi Yamawaki (JPMorgan Securities Japan Co Ltd)

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