Bond futures declined, and sales were dominant due to monthly labor statistics that exceeded expectations

Updated 2024/7/8 9:23 JST (some excerpts)
Futures fell on the bond exchange rate on the 8th. Sales are dominant in response to the fact that basic wages grew at a high rate for the first time in 31 years according to the monthly labor statistics for May announced in the morning. Meanwhile, there is still a strong sense of caution that the Bank of Japan will drastically reduce government bond purchases and increase additional interest rates at the monetary policy meeting at the end of the month.