March 21, 2013 / 1:15 AM / 5 years ago

Ten-year JGB yield hits a near decade low on BOJ easing hopes

TOKYO, March 21 (Reuters) - Yields on benchmark Japanese government bonds hit a near-decade low on Thursday, driven by mounting expectations that new Bank of Japan Governor Haruhiko Kuroda will buy more bonds as part of a bold easing policy to pull the country out of deflation.

The 10-year yield slipped 1 basis point to 0.580 percent, its lowest level since June 2003.

Ten-year JGB futures climbed as much as 16 ticks to a record high of 145.56. They were up 10 ticks at 145.50.

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