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Some JGB Yields Rise ahead of Powell Speech

TOKYO, Jan 14 Reuters Yields on some Japanese government bonds rose on Thursday ahead of comments by Federal Reserve Chairman Jerome Powell that may determine how soon the U.S. central bank will start reducing debt purchases.

However, trading was subdued as some investors remained on the sidelines ahead of an announcement on U.S. economic stimulus measures expected later in the day.

Benchmark 10year JGB futures fell 0.03 point to 151.87, with a trading volume of 14,134 lots.

The 10year JGB yield was flat at 0.025. The 20year JGB yield was flat at 0.405.

The 30year JGB yield was flat at 0.630, but the 40year JGB yield rose 1 basis point to 0.675.

The fiveyear yield rose 0.5 basis point to minus 0.105.

The twoyear JGB yield rose 0.5 basis point to minus 0.125.

Reporting by the Tokyo markets team, Editing by Sherry JacobPhillips

Source Reuters

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