Friday, March 22, 2013
Yield On JGBs Hits 0.565%, Lowest Since June '03
TOKYO (NQN)--The yield on newly issued, 10-year benchmark Japanese government bonds briefly fell 0.015 percentage point to 0.565%, their lowest level since June 20, 2003.
Investors started buying bonds on expectations that the Bank of Japan will strengthen its monetary easing measures. Bond prices also started rising in line with uncertainty over the euro zone's bailout plan for Cyprus.