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LongerDated JGBs Tick up in Thin Holiday Trade

TOKYO, Dec 30 Reuters Longerdated Japanese government bond prices edged up on Wednesday in lowvolume trading during the last session of the year, as many traders were absent due to yearend holidays.

Benchmark 10year JGB futures fell 0.03 point to 151.92, with a trading volume of 14,337 lots, while the 10year JGB yield was flat at 0.020.

The yield had fallen to minus 0.200 in early March amid turmoil in global markets on coronavirus fears, but it has since climbed out of negative territory on the back of pandemicrelated policies.

In the superlong zone, the 20year JGB yield , the 30year JGB yield and the 40year JGB yield fell half a basis point each, to 0.395, 0.640 and 0.685, respectively.

At the shorter end of the curve, the twoyear JGB yield was flat at minus 0.125, having hit the highest level since Nov. 4 earlier in the session.

The fiveyear yield inched up half a basis point to minus 0.110, hitting its highest since Dec. 7.

Japanese financial markets will be closed from Thursday and reopen on Monday, Jan. 4.

Reporting by Tokyo markets team; Editing by Vinay Dwivedi

Source Reuters

 

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