The yield on the bellwether 10-year Japanese government bond ended at a record-low of minus 0.165 percent Monday as investors bought the debt on growing concerns that Britain could vote to leave the European Union in a referendum next week.
The yield on the No. 343, 0.1 percent issue, the main yardstick of long-term interest rates, ended interdealer trading at minus 0.165 percent, down 0.010 percentage point from Friday’s close.
Brokers said that in addition to a possible “Brexit,” the prospects of the Bank of Japan expanding its monetary stimulus at its policy meeting this week also pushed the Japanese key bond yield lower.
The price of the September futures contract for 10-year bonds gained 0.05 point to 152.37 on the Osaka Exchange.