Japan’s bonds rose, sending the
five-year yield back to the lowest on record, after demand
increased at an auction of two-year notes and amid speculation
the central bank will expand debt purchases.
Bonds gained for the first time in four sessions after data
showed Japan’s industrial production grew by less than forecast.
The Bank of Japan (8301) could add further stimulus if warranted,
Deputy Governor Hirohide Yamaguchi said today. The government
sold 2.49 trillion yen ($27 billion) of two-year notes,
attracting bids worth 10.13 times the amount on offer, higher
than 9.73 in the previous auction.
“The auction passed without any problem since the BOJ will
be buying two-year notes through its asset-purchase program,”
said Makoto Suzuki, a senior bond strategist in Tokyo at Okasan
Securities Co., one of the 24 primary dealers obliged to bid at
government debt sales.(more)
Please bookmark us
No comments:
Post a Comment