Japanese government bond yields moved lower across the curve on Thursday after U.S. Treasury yields fell overnight, according to ChainCatcher. The move followed steady demand at a long-dated Treasury auction and U.S. Treasury buyback operations, both of which helped push U.S. yields down. At the same time, market expectations for additional Federal Reserve rate hikes cooled, adding downward pressure to bond yields in both the United States and Japan. During the session, Japan’s 10-year government bond yield fell 4.5 basis points to 3.035%. The 2-year yield dropped 1.5 basis points to 1.915%, while the 30-year yield declined 4 basis points to 4.08%. The report frames the move as part of a broader rates reaction spanning both markets rather than an isolated shift in Japanese debt.
Japanese government bond yields fell across the curve after U.S. Treasury yields declined overnight, according to ChainCatcher.
On Thursday, U.S. Treasury yields moved lower after a steady long-dated bond auction and buyback operations by the Treasury Department. Cooling expectations for further Federal Reserve rate hikes also put downward pressure on bond yields in both the U.S. and Japan.
During the session, Japan’s 10-year government bond yield fell 4.5 basis points to 3.035%. The 2-year yield dropped 1.5 basis points to 1.915%, and the 30-year yield fell 4 basis points to 4.08%.
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