JGB Yield Curve Flattens, Tracking U.S. Treasury Yields
Dow Jones
Aug 20
0026 GMT - The JGB yield curve flattens in the early Tokyo session, tracking U.S. Treasurys' yield curve flattening overnight. JGBs and Treasurys tend to move in tandem. The U.S. Treasury said Wednesday that it'll buy back more of its longer-term bonds in order to mitigate a sharp increase in borrowing costs. "What the Treasury has done is kind of bought a bit of reprieve from the [rising yield] trend, and we've certainly that in a fallback in longer-end yields," says Taylor Nugent, senior economist at NAB, in commentary. The 10-year JGB yield falls 4.5 bps to 2.845%, while 20-year yield drops 7.5 bps to 3.700%.
At the request of the copyright holder, you need to log in to view this content
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.