廣告
香港股市 已收市
  • 恒指

    16,251.84
    +2.87 (+0.02%)
     
  • 國指

    5,749.69
    +5.91 (+0.10%)
     
  • 上證綜指

    3,071.38
    +64.31 (+2.14%)
     
  • 道指

    37,798.97
    +63.86 (+0.17%)
     
  • 標普 500

    5,051.41
    -10.41 (-0.21%)
     
  • 納指

    15,865.25
    -19.77 (-0.12%)
     
  • Vix指數

    17.92
    -0.48 (-2.61%)
     
  • 富時100

    7,859.44
    +39.08 (+0.50%)
     
  • 紐約期油

    84.51
    -0.85 (-1.00%)
     
  • 金價

    2,408.20
    +0.40 (+0.02%)
     
  • 美元

    7.8305
    -0.0007 (-0.01%)
     
  • 人民幣

    0.9237
    +0.0002 (+0.02%)
     
  • 日圓

    0.0504
    +0.0000 (+0.08%)
     
  • 歐元

    8.3352
    +0.0217 (+0.26%)
     
  • Bitcoin

    63,094.43
    -156.77 (-0.25%)
     
  • CMC Crypto 200

    885.54
    0.00 (0.00%)
     

JGB yields fall amid slide in US peers, fiscal year-end buying

By Kevin Buckland

TOKYO, Feb 26 (Reuters) - Japanese government bond (JGB) yields fell to multi-week lows on Monday, pressured by declines in U.S. Treasury yields and as domestic long-term investors bought longer-dated bonds into the fiscal year-end.

The 10-year JGB yield declined 3 basis points (bps) to 0.685% as of 0530 GMT, the lowest level since Feb. 2.

The 20-year JGB yield lost 3 bps to 1.420%, the lowest in a month, while the 30-year yield dropped 3.5 bps to 1.680%, a level last seen on Jan. 18.

The U.S. benchmark 10-year yield fell 7 bps overnight, dropping back from a nearly three-month high after investors consolidated positions following a pricing in of a much less aggressive path for Federal Reserve interest rate cuts over the past two months.

廣告

The 10-year Treasury yield continued to decline in Asian hours on Monday, slipping an additional 3 bps to be around 4.23%.

Japanese bond yields were also under pressure as life insurers and other long-term investors bought the securities into the fiscal year-end next month. Bond yields fall when prices rise.

That is leading to a "bull flattening" of the JGB yield curve, as so-called superlong bonds attract the most demand, Noriatsu Tanji, chief bond strategist at Mizuho Securities, wrote in a note.

"If past trends are followed, the bull flattening pressure may continue until late March," he said.

The premium offered by 20-year JGB yields over 10-year yields has fallen to about 73 bps from almost 82 bps at the start of this month.

Meanwhile, five-year JGB yields edged down 1 bp to 0.345% on Monday. Two-year JGBs had yet to trade on the day.

Benchmark 10-year JGB futures rose 0.29 yen to 146.51. (Reporting by Kevin Buckland; Editing by Mrigank Dhaniwala)