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TOKYO, March 17 (Reuters) – Yields on long-term Japanese government bonds edged down as traders braced for important monetary policy meetings by the US Federal Reserve and the Bank of Japan.
U.S. policymakers could assert their rate hike expectations amid the improving U.S. economy at a Fed meeting ending later Wednesday, but some investors believe a recent rise in yields long term in the world has gone too far.
The BOJ is also holding a policy meeting ending on Friday, but Governor Haruhiko Kuroda has rescinded expectations that he would allow 10-year yields to trade in a wider range, putting downward pressure on the game. long the yield curve, dealers said.
The benchmark 10-year JGB futures rose 0.04 points to 151.23, with trading volume of 11,355 lots.
The 10-year JGB yield fell 0.5 basis point to 0.090%, while the 20-year JGB yield fell 0.5 basis point to 0.475%.
The 30-year JGB yield fell 0.5 basis point to 0.660%.
Over the long term, the 40-year JGB yield fell 0.5 basis points to 0.700%.
The five-year return was stable at minus 0.100%.
At the short end of the curve, the two-year JGB yield was unchanged at minus 0.150%. (Tokyo Markets Team Report; edited by Uttaresh.V)
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