Interest Rates: Bond futures in the morning session continued to rise, with long-term interest rates at 0.825%. Buying prevailing due to the decline in US interest rates.

September 17, 2024, 11:15 AM GMT+9 (excerpt)

Bond futures in the morning session continued to rise, with long-term interest rates at 0.825%. Buying prevailing due to the decline in US interest rates.
The December contract for government bond futures continued to rise, ending the morning session at 144.84 yen, up 13 sen from the previous trading day. The yield on newly issued 10-year government bonds (long-term interest rates) fell by 1.5 basis points to 0.825%. Against the backdrop of the previous day's decline in US interest rates, bond futures saw a dominant buying trend.
In the US bond market the day before, the yield on 2-year bonds temporarily fell to around 3.52%, the lowest level since September 2022, while the yield on 10-year bonds also fell to around 3.61%. Bonds were purchased against the backdrop of expectations of a significant rate cut in the US.
Following this trend, government bond futures opened with a buying bias. In the spot market, there was downward pressure on interest rates mainly in the long-term and super long-term zones.