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16 Jan 2015
Japanese 10-year yield hit record low
FXStreet (Mumbai) - The 10-year Japanese government bond (JGB) fell to record low level, a day after the SNB’s decision caused similar moves across most of the European nations.
The 10-yr yield hit record low of 0.225%; down 2.7 basis points for the day. The benchmark yield followed suit to German 10-year Bund yields, which fell to a record low of 0.402% yesterday. Meanwhile, the 30-year yield in the US clocked a record low of 2.34% on Wednesday after the dismal advance retail sales data.
Meanwhile, the 30-year yield in Japan declined to 1.06%, its lowest since April 2013. Moreover, the race to a looser monetary policy across Europe and Asia witnessed since Q4 2014 has pushed bond yields across advanced nations to record lows. The SNB’s decision to cut interest rates to -0.75% only added fuel to the fire.
The 10-yr yield hit record low of 0.225%; down 2.7 basis points for the day. The benchmark yield followed suit to German 10-year Bund yields, which fell to a record low of 0.402% yesterday. Meanwhile, the 30-year yield in the US clocked a record low of 2.34% on Wednesday after the dismal advance retail sales data.
Meanwhile, the 30-year yield in Japan declined to 1.06%, its lowest since April 2013. Moreover, the race to a looser monetary policy across Europe and Asia witnessed since Q4 2014 has pushed bond yields across advanced nations to record lows. The SNB’s decision to cut interest rates to -0.75% only added fuel to the fire.