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JGBs Flat to Sightly Firmer as Equities Fall

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TOKYO, Dec 7 Reuters Japanese government bond prices were steady to slightly firmer on Monday, as a drop in equities increased the appeal of the safehaven debt instrument.

But market sentiment was weighed by weak performance in U.S. Treasuries in the previous session after a disappointing U.S. jobs report boosted hopes for a new round of stimulus.

Benchmark 10year JGB futures fell 0.03 point to 151.97, with a trading volume of 22,511 lots, while the 10year JGB yield was flat at 0.020.

Yields on the 20year JGB and the 30year note stood flat at 0.390 and 0.650, respectively.

The 40year JGB yield lost half a basis point to 0.695.

At the shorter end of the market, the twoyear JGB yield fell half a basis point to minus 0.140, while the fiveyear yield was unchanged at minus 0.110.

Japan shares closed lower on Monday, with the Nikkei pulling back from a more than 2912year high, as investors booked profits after five consecutive weeks of gains.

The Bank of Japan maintained the size of all of its JGB buying operations, purchasing 1 to 3year notes worth 500 billion yen 4.80 billion and 25 to 40year maturities worth 30 billion yen. 1 104.1200 yen

Reporting by Tokyo markets team; Editing by Rashmi Aich

Source Reuters

 

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