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Saturday 22nd of August 2009
April 27, 2005

Bond yields low in Japan


by Brian Turner
Bond yields low in Japan: fall in Eurozone

Bond yields remained low in Japan on Tuesday, while in the U.S. and eurozone yields on government bonds were up.

In Japan, some investors were spurred to bond purchases by continuing concerns over the economy, which is stuck in a persistent round of deflation.

Other investors were in the market to earn interest next week during the Golden Week holiday, when most Japanese markets are closed.

Yields on 10-year bonds were down to 1.255 percent, only half a basis point below the 14-month low that was reached last week.

In the U.S., treasury bond prices fell and yields went upon a surge in the sale of new homes, which seemed to compensate for a weaker than expected consumer confidence index.

The yield on 10-year treasury bonds rose 6 basis points to 4.29 percent early but then fell back to 4.27 percent by late-day trading Tuesday.

In response to this news from the U.S., eurozone bond prices fell from earlier price hikes.

Yields on the 2-year Schatz went up 2.1 bp to 2.324 percent and yields on the 10-year Bund rose 0.7 bp to 3.450 percent. Yields on longer-term bonds, however t ended to fall in the Eurozone.

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