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The government of Japan has ended this morning sessions with the pricing of bonds a little higher after the decline in the US Treasury bond yields last Friday that help ease the fears in global interest rate hike the near term.
The late Friday’s remark by the Bank of Japan Governor Fukui signals the major change of the banks cautious policy stances that eased worries in the domestic rates next month. The yields at the end of morning trade, the two year bond fall to 1 percent that is from 1.030 percent, the yield leading to a five year bond declining to 1.490 percent.
The bond price is moving inversely with yields. The pricing in the futures contract in the 10 year bond had increase to 131.65 yen that is from 131.30, the Friday’s close. There was a fall to 5.16 percent of the benchmark 10 year Treasury note from 5.23 percent the late Thursday. This was after the release of the tame US CPI data.
The investors is now less worried in the possibility of rate hikes this July. According to Naomi Hasegawa, the strategist in Mitsubishi UFJ securities the tone in Fukui’s statement tightened and turned out to be softer than was expected.
01:59
Posted on Jun-19-2007
