World Economy

JGBs Slip

JGBs SlipJGBs Slip

Japanese government bond prices slipped on Monday after the Bank of Japan skipped its bond buying operation, forcing traders who were counting on the BOJ’s bids to sell their position into the market, Reuters reported. The 10-year JGB yield rose 1.5 basis points to 0.04%. The price of 10-year JGB futures dipped 0.09 point to 151.31, their first daily decline since the BOJ announced the introduction of negative interest rates on Jan 29. The BOJ conducts its bond buying operation on most of the days when a government bond auction is not held, though it occasionally refrains from doing so.