News

JGB Futures Rise as New Virus Strain Lifts SafeHaven Demand

TOKYO, Dec 21 (Reuters) – Japanese government bond futures rose on Monday as the emergence of a new strain of the coronavirus in Britain boosted demand for safer assets.

However, super long-term yields rose slightly after Japan’s government approved a record budget for next fiscal year and said it would sell more 40-year bonds.


Benchmark 10-year JGB futures rose 0.06 point to 152.12, with a trading volume of 14,161 lots.


The 10-year JGB yield was flat at 0.005%. The 20-year JGB yield was flat at 0.380%.


At the long end of the curve, the 30-year JGB yield rose 1 basis point to 0.630%. The 40-year JGB yield also rose 1 basis point to 0.680%.


Japan will increase issuance of 40-year JGBs by 100 billion yen ($967.02 million) per auction from April, the finance ministry said on Monday.


At the middle of the curve, the five-year yield was flat at minus 0.130%.


At the short end, the two-year JGB yield held steady at minus 0.140%.


$1 = 103.4100 yen


Reporting by the Tokyo markets team; Editing by Aditya Soni




Source: Reuters

What's your reaction?

Excited
0
Happy
0
In Love
0
Not Sure
0
Silly
0

You may also like

Leave a reply

Your email address will not be published. Required fields are marked *

More in:News