Asia-Pacific Bonds Edge Higher on Possible Dip-Buying Interest
Dow Jones
Aug 19
0041 GMT - Asia-Pacific government bonds edge higher in price terms on possible dip-buying interest following notable price declines in recent days. In Japan, 10-year government bond yield rose as high as 2.945% on Tuesday, its highest intraday level since Sept. 1996. Bond yields move inversely to prices. In coming quarters, however, global bond markets are likely to "remain vulnerable to renewed bouts of volatility," economists at Capital Economics say in commentary. Governments appear reluctant to pursue meaningful fiscal consolidation and central banks seem constrained in their response, the economists add. The yield the 10-year Japanese government bond falls 1.5 bps to 2.920% while Australia's 10-year yield drops 4 bps to 5.0300%.
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