JGBs drop after recovery after recovery



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TOKYO, June 6 (Reuters) – Japanese government bond prices plunged Thursday after profit-taking after yesterday's rebound, although the fragile risk climate has helped limit losses in the market. refuge obligations.

The five-year JGB yield rose 1.5 basis points to less than 0.235%.

The 10-year benchmark yield rose 1 basis point to minus 0.110%.

The 10-year rate slid Wednesday to lows of less than 0.130% over three years, the Bank of Japan can follow the Federal Reserve and lighten its policy if the US central bank decided to reduce interest rates in the future close.

The 30-year yield rose 0.425% after falling to 0.415% yesterday, its lowest level since September 2016.

Asian stock markets were on the defensive on Thursday, fearing that the US showdown with Mexico would weigh more heavily on global economic growth. (Report of the Tokyo Market Team, edited by Jacqueline Wong)

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