Interest Rates: The morning session of government bond futures saw a slight rebound, with long-term interest rates temporarily rising to a two-month high level.

October 8, 2024, 11:21 AM GMT+9 (Partial Extract)

<11:10> The morning session of government bond futures saw a slight rebound, with long-term interest rates temporarily rising to a two-month high level
The central limit month of government bond futures in December ended the morning session with a small rebound, closing at 144.23 yen, up 2 sen from the previous trading day. It rebounded after a round of selling. The yield of newly issued 10-year government bonds (long-term interest rates) rose by 0.5 basis points to 0.925%. At the beginning, there was a moment when it reached a high level of 0.930%, the highest level in two months since August 6.
Today's government bond futures started with some selling pressure, as the flow of US 10-year bond yields rising to 4% in the previous day's US market became a headwind. However, after a slight decrease in US interest rates during Asian trading hours, there was a turnaround after the selling pressure, and it rose to a slight positive territory.
Furthermore, the Ministry of Finance announced a 30-year interest-bearing government bond auction at 10:30 am. The 84th bond issuance has a face value interest rate of 2.100%, with an issuance amount of around 900 billion yen. The pre-bidding trading (WI) rate at the previous day was at a compound interest of 2.130%.