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JGBs Gain

JGBs GainJGBs Gain

Japanese government bonds rose on Monday, bolstered by the Bank of Japan’s asset buying operations, as investors awaited the next session’s sale of 10-year JGBs, CNBC reported. Weak stocks also added to the appeal of fixed-income assets. The BOJ offered to buy 790 billion yen ($7.08 billion) of JGBs in the one- to five-year zone and 400 billion yen of JGBs in the 10- to 40-year zone under its asset purchase program. The benchmark 10-year yield was down 2 basis points at minus 0.085%. On Tuesday, the ministry of finance will conduct an auction of 10-year JGBs, the first of the new fiscal year that began this month.

 

Financialtribune.com