Japan’s 10-year bond yields follow US lower, China concerns weigh

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TOKYO, Oct 4 (Businesshala) – Japan’s benchmark 10-year government bond yield fell on Monday, keeping the US Treasury yield lower, while weak Japanese equities boosted demand for safe-haven debt.

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The 10-year JGB yield fell 0.5 basis points to 0.045%, while the benchmark 10-year JGB futures rose 0.04 points to 151.61.

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The yield on the 10-year US Treasury fell at the end of last week’s trading despite positive economic data that showed US consumer spending rose more than expected in August as traders adjusted positions.

On Monday, Japanese shares fell for a sixth straight session as concerns over the China Evergrande debt crisis outweighed positive cues on Wall Street from a strong end to the week.

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The 20-year JGB yield remained unchanged at 0.425%, while the 30-year JGB yield rose one basis point to 0.665%.

The 40-year JGB yield also rose one basis point to 0.75%.

The two-year JGB was not traded and its yield stood at minus 0.124%, while the five-year yield remained unchanged at minus 0.1%. (Reporting by Tokyo Markets team; Editing by Barbara Lewis)

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