Interest Rates: Government bond futures fell, narrowing the decline due to position adjustments. Long-term interest rate at 0.94%.
November 1, 2024, 3:28 PM GMT+9
Government bond futures fell, narrowing the decline due to position adjustments. Long-term interest rate at 0.94%.
The key December contract for government bond futures closed trading down 3 sen from the previous trading day at 144 yen 16 sen. Selling pressure due to speculation of additional rate hikes by the Bank of Japan subsided. With events such as the upcoming U.S. presidential election next week, the narrowing of the decline was attributed to position adjustments. Newly issued 10-year government bond yields (long-term interest rates) rose by 0.5 bps to 0.940%.
Government bond futures saw selling pressure from the morning. Following the slightly hawkish press conference by Governor Kazuo Ueda of the Bank of Japan the previous day, futures in the night session fell. This trend continued, leading to a soft tone.
The key December contract for government bond futures closed trading down 3 sen from the previous trading day at 144 yen 16 sen. Selling pressure due to speculation of additional rate hikes by the Bank of Japan subsided. With events such as the upcoming U.S. presidential election next week, the narrowing of the decline was attributed to position adjustments. Newly issued 10-year government bond yields (long-term interest rates) rose by 0.5 bps to 0.940%.
Government bond futures saw selling pressure from the morning. Following the slightly hawkish press conference by Governor Kazuo Ueda of the Bank of Japan the previous day, futures in the night session fell. This trend continued, leading to a soft tone.
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