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Japan's 10-year bond yield flat as US yields decline
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Japan's 10-year bond yield flat as US yields decline
Nov 10, 2024 10:39 PM

TOKYO, Nov 11 (Reuters) - Japan's 10-year government

bond yield was unchanged on Monday, after U.S. Treasury yields

fell last week.

The 10-year JGB yield was flat at 1% after

crossing that level for the first time in three months on

Thursday.

"The 10-year bond yield seems to be capped at 1%. If the

yield surpasses that level, investors buy the bonds," said Gen

Taniguchi, market analyst at Mizuho Securities.

U.S. Treasury yields fell on the long end of the curve on

Friday as investors paused selling government debt and

consolidated positions to book profits after Republican Donald

Trump's victory in Tuesday's presidential election.

The benchmark U.S. 10-year yield posted its largest weekly

drop since early September. The U.S. bond market is closed on

Monday for Veterans Day.

The finance ministry conducted an auction for the 10-year

inflation-linked bonds earlier in the day, but the

market saw little impact on the overall yields, strategists

said.

The two-year JGB yield fell 0.5 basis point

(bp) to 0.495%.

The five-year yield was flat at 0.64%.

The 20-year JGB yield rose 0.5 bp 1.835% and

the 30-year JGB yield rose 0.5 bp to 2.245%.

The 40-year JGB yield was flat at 2.56%.

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