Japan’s 10-year government bond (JGB) yield touched a one-month low on Friday, tracking U.S. Treasury yields, which fell overnight on concerns over trade tensions between the U.S. and China and credit market worries.
The 10-year JGB yield fell as much as 4 basis points (bps) to 1.615%, its lowest level since September 19, and was last down 3 bps at 1.62%.
Firm outcome of the liquidity enhancement auction for the bonds with maturities of between over five- and 15.5 years also supported sentiment, said Katsutoshi Inadome, a senior strategist at Sumitomo Mitsui Trust Asset Management.
India bonds likely to see opening dip as focus on debt supply
Indian government bonds are poised for a softer start on Friday. Traders are anticipating a fresh supply of debt from a weekly auction. The benchmark 10-year note yield may fluctuate between 6.49% and 6.52%. Demand-supply dynamics will guide market movements. The Reserve Bank of India’s latest…
