Japanese 10 Year at Record Low of -0.165

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.

via Mainichi

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Alfonso Esparza

Alfonso Esparza

Senior Currency Analyst at Market Pulse
Alfonso Esparza specializes in macro forex strategies for North American and major currency pairs. Upon joining OANDA in 2007, Alfonso Esparza established the MarketPulseFX blog and he has since written extensively about central banks and global economic and political trends. Alfonso has also worked as a professional currency trader focused on North America and emerging markets. He has been published by The MarketWatch, Reuters, the Wall Street Journal and The Globe and Mail, and he also appears regularly as a guest commentator on networks including Bloomberg and BNN. He holds a finance degree from the Monterrey Institute of Technology and Higher Education (ITESM) and an MBA with a specialization on financial engineering and marketing from the University of Toronto.
Alfonso Esparza