World Economy

JGB Yields at Record Low

JGB Yields at Record LowJGB Yields at Record Low

Japanese government bond yields fell to record lows on Wednesday as a plunge in Tokyo shares fueled demand for safe-haven debt, Reuters reported. The five-year JGB yield hit minus 0.12% and the benchmark 10-year yield descended to 0.045%, both all-time lows. March 10-year JGB futures scaled a record peak of 150.93. JGBs have been on a bullish footing after the Bank of Japan adopted negative interest rates last week, and the latest round of global risk aversion prompted by a slide in oil and equities only accelerated the advance.