[Market Eye] Interest Rates: Government bond futures were slightly lower in the morning session, with long-term interest rates at 0.95%, lacking direction.

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

<11:11> Government bond futures in the morning session were slightly lower, with long-term interest rates at 0.95%, lacking direction
The December futures contract for government bonds fell by 5 sen to 143.96 yen compared to the previous business day, ending the morning session slightly lower. The yield on newly issued 10-year government bonds (long-term interest rates) remained unchanged at 0.950%. With scarce clues, government bond futures remained subdued. A wait-and-see attitude also spread ahead of the liquidity supply auction for ultra-long-term bonds.
Government bond futures saw buying in the morning. It started by following the trend of the previous day's decline in US interest rates. However, overall, there was a lack of direction as it later sank into negative territory.
In the cash market, yields for newly issued bonds varied. The medium-term zone faced upward pressure on interest rates, whereas the ultra-long-term zone saw a decrease in interest rates.