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Japan’s 10-year yield tracks US yields lower on banking crisis fears
The yield on Japan’s 10-year government bond fell on Thursday, tracking US Treasury yields, which fell on renewed fears of a global banking crisis driven by problems at Swiss bank Credit Suisse. The 10-year JGB yield fell as much as 5 basis points (bps) to 0.270% in early trade. It last traded down 3 bps to 0.290%, well below the top end of the Bank of Japan’s policy ceiling. “With the US interest rates falling this low, it might take time for Japanese government bond (JGB) yields to go back to the previous level,” said Hiroshi Namioka, chief strategist and fund manager at T&D Asset Management. Japanese ... (full story)
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