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JGB Futures Fall as Recovery Hopes Push Money Into Stocks

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TOKYO, Feb 15 Reuters Japanese government bond futures fell on Monday as growing optimism about a swift economic recovery from the coronavirus fallout drew money into equities and other risky assets.

Futures prices remained lower after data showed Japans economy grew more than expected in the fourth quarter, easing concerns about the economic outlook.

Some traders, however, remained on the sidelines before an auction on Tuesday of fiveyear bonds, which will be an important test of investor demand for fixed income.

Benchmark 10year JGB futures fell 0.15 point to 151.51, with a trading volume of 16,792 lots.

The 10year JGB yield rose 1.5 basis points to 0.075. The 20year JGB yield rose 1 basis point to 0.470.

At the longend of the yield curve, the 30year JGB yield held steady at 0.665 and the 40year JGB yield was unchanged at 0.710.

The fiveyear yield rose 1 basis point to minus 0.105, while the twoyear JGB yield rose 0.5 basis point to minus 0.130.

Reporting by the Tokyo markets team, Editing by Sherry JacobPhillips

 

Source Reuters

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