Reuters logo
JGBs little changed, BOJ stands pat as expected
March 11, 2014 / 4:10 AM / 4 years ago

JGBs little changed, BOJ stands pat as expected

TOKYO, March 11 (IFR) - Japanese government bonds were little changed on Tuesday, drawing little impetus from the Bank of Japan which left monetary policy unchanged as widely expected.

The benchmark 10-year cash yield inched up 0.5 basis point to 0.625 percent, with a rise in Tokyo’s Nikkei stock average mildly capping the bond market.

The 10-year futures were up 0.04 point at 145.16.

Participants do not expect BOJ monetary policy to become a significant market factor at least until the next policy meeting in April.

The medium-term focus is on a consumption tax hike planned in April, with any negative impact on the economy seen adding pressure on the central bank to further ease monetary policy.

The 20-year yield and 30-year yield were both unchanged at 1.450 percent and 1.670 percent.

Our Standards:The Thomson Reuters Trust Principles.
0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below