The contrast between the Bank of Japan’s reduction in longer-maturity bond purchases and the Ministry of Finance’s increased issuance is driving investors away from the super-long government debt.
Japanese bond futures are heading for a “correction” after rising to a seven-year high earlier this month, Mitsubishi UFJ Morgan Stanley Securities Co. said, citing trading patterns.
Japanese bond futures may rise to a two-month high as the June contract is likely to “fill in” the price gap left by the previous benchmark, Mitsubishi UFJ Morgan Stanley said, citing trading patterns.
Japan’s bond futures may rise to the highest level this year, according to Mitsubishi UFJ Morgan Stanley Securities Co., citing an ichimoku chart of the securities.
Japan’s bond futures may fall, snapping a five-month rally, Mitsubishi UFJ Morgan Stanley Securities Co. said, citing trading patterns.
Japan’s bond futures rose for a fourth day as the yen traded near a five-week high against the dollar and Asian stocks fell, boosting demand for safer assets.
Japan’s government bonds rose, pushing the 10-year yield down below 0.6 percent for the first time in three sessions, as declines in domestic stocks boosted demand for haven assets.
Japan’s bonds rose for a third week as Asian stocks declined and the government pledged to balance its books within a decade, boosting demand for the nation’s debt.
Japan’s 10-year bonds advanced for a second day as stocks erased earlier gains, increasing demand for the relative safety of government debt.
Japan’s bonds declined, snapping a five-day gain, as the yen fell against the dollar, easing concern a stronger currency will hurt exporters’ earnings.
"Bond futures are being bought back as excessive concern about the auction has eased."
- Katsutoshi Inadome on Apr 15, 2013