[ad_1]
TOKYO, Aug 2 (Reuters) – Japanese bond futures have seen a record gain since January, as bond yields fell after US President Donald Trump broke a truce in Sino-US trade talks , thus reinforcing the demand for safe havens. badets.
The 10-year JGB futures contract rose 0.41 point to 153.95, with a trading volume of 25,206 lots. The rise in JGB futures canceled off declines from the previous session, prompted by US Federal Reserve Chairman Jerome Powell, who ruled out a prolonged series of interest rate cuts.
The 10-year JGB yield fell 4 basis points to less than 0.175%, the lowest return in six weeks.
In the short term, the two-year benchmark JGB rate fell by 2 basis points to minus 0.210%.
The 20-year JGB yield fell 4.5 basis points to 0.175%.
The 30-year JGB yield fell 4.5 basis points to 0.320%, the lowest performance in almost six weeks.
The yield curve, or the yield difference between the two-year and ten-year public debt, continued flat on Friday, continuing the trend that began last October.
Trump announced that it would impose additional duties of 10% on Chinese imports worth $ 300 billion on September 1, after US negotiators returned from trade negotiations in Shanghai, claiming that China had not bought large quantities of US agricultural products as promised.
Reporting by the Tokyo Markets team, edited by Sherry
Jacob Phillips
Source link
