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JGBs flat in subdued trading session

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The Japanese government bonds remained flat Monday amid a subdued trading session that witnessed data of minimum economic significance. Also, major markets remain closed today, on the account of Easter holidays, which further lent sluggishness to the debt market.

The benchmark 10-year bond yield, which moves inversely to its price, traded flat at 0.01 per cent, the long-term 15-year bond yields also hovered around 0.74 per cent and the yield on the short-term 2-year note stood steady at -0.22 per cent by 06:00 GMT.

The Bank of Japan (BoJ) Governor Haruhiko Kuroda, in his latest speech today, said that there is need to continue with policy easing till the central bank’s 2 per cent inflation goal is reached, which indeed, seems a long way to go. Further, Kuroda said that the BOJ needs to closely monitor consumer prices because they are lacking some upward momentum

Paul

The author Paul