Japan's 10-year bond yield hits over 7-week low as rate-hike prospects fade
TOKYO, Sept 25 (Reuters) -Japan's 10-year government bond yield hit a more than seven-week low on Wednesday, as prospects faded for further rate hikes by the Bank of Japan in the near term.
The 10-year JGB yield JP10YTN=JBTC fell to 0.795%, its lowest since Aug. 5 when it sank in a market turmoil that sent the Nikkei 225 .N225 index 12% lower. The yield was last up at 0.5 basis point at 0.81%.
Expectations for more rate hikes have fallen after comments from the BOJ governor, said Keisuke Tsuruta, a senior fixed income strategist at Mitsubishi UFJ Morgan Stanley Securities.
The BOJ can afford to spend time watching developments in financial markets and overseas economies as it sets monetary policy, Governor Kazuo Ueda said on Tuesday, suggesting that the central bank was in no rush to raise interest rates further.
Bond prices were also supported by a firm outcome of the BOJ's bond buying operation, Tsuruta said.
The central bank earlier in the day conducted a bond buying operation for bonds with maturities from one to more than 25 years.
Some strategists said investors built positions in JGBs ahead of an election to choose the ruling Liberal Democratic Party's new leader.
Sanae Takaichi, a leading candidate in the race, supports the low interest rate policy and said this week it would be "stupid" to raise rates now.
The two-year JGB yield JP2YTN=JBTC rose 0.5 bp to 0.345%, a level where further rate hikes in the near term are seen not priced in.
The five-year yield JP5YTN=JBTC rose 0.5 bp to 0.46%.
The 20-year JGB yield JP20YTN=JBTC fell 2 bps to 1.65%.
The 30-year JGB yield JP30YTN=JBTC fell 2.5 bps to 2.03%.
The 40-year JGB yield JP40YTN=JBTC fell 3 bps to 2.325%.
Reporting by Junko Fujita; Editing by Subhranshu Sahu
免责声明: XM Group仅提供在线交易平台的执行服务和访问权限，并允许个人查看和/或使用网站或网站所提供的内容，但无意进行任何更改或扩展，也不会更改或扩展其服务和访问权限。所有访问和使用权限，将受下列条款与条例约束：(i) 条款与条例；(ii) 风险提示；以及(iii) 完整免责声明。请注意，网站所提供的所有讯息，仅限一般资讯用途。此外，XM所有在线交易平台的内容并不构成，也不能被用于任何未经授权的金融市场交易邀约和/或邀请。金融市场交易对于您的投资资本含有重大风险。
所有在线交易平台所发布的资料，仅适用于教育/资讯类用途，不包含也不应被视为用于金融、投资税或交易相关咨询和建议，或是交易价格纪录，或是任何金融商品或非应邀途径的金融相关优惠的交易邀约或邀请。
本网站上由XM和第三方供应商所提供的所有内容，包括意见、新闻、研究、分析、价格、其他资讯和第三方网站链接，皆保持不变，并作为一般市场评论所提供，而非投资性建议。所有在线交易平台所发布的资料，仅适用于教育/资讯类用途，不包含也不应被视为适用于金融、投资税或交易相关咨询和建议，或是交易价格纪录，或是任何金融商品或非应邀途径的金融相关优惠的交易邀约或邀请。请确保您已阅读并完全理解，XM非独立投资研究提示和风险提示相关资讯，更多详情请点击 这里。
