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Forex Flash: JGBs slump to 3 month high – BBH

By FXstreet.com,  January 04, 2013, 10:41:00 AM EDT

FXstreet.com (Barcelona) - Brown Brothers Harriman analysts note that Japanese Government Bonds slumped, with the 10 year yield rising almost 4bp to 0.825%, the highest level in more than three months.

They write, "The 30-year bond yield rose to almost 2%, its highest level in more than a year. Yet, given the magnitude of the yen's decline and prospect for more to come, and the policy thrust of the new government, it is surprising yields have not risen more. Japan will auction a total of JPY3 trillion of 10- and 30-year bonds next week and some of the weakness today may be related to deal position adjusting."




The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.


This article appears in: Investing, Forex and Currencies

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