Market Snapshot: 10yr, 30yr Japanese Yields Hit New Lows

Yields on the 10- and 30-year Japanese bonds hit new lows today, according to data from Tradeweb.

The bid yield on the 10-year Japanese bond was -0.046%, down 4.8 bps from yesterday’s close of 0.002%. The intraday low was -0.049%, and the intraday high was 0.001%.

The bid yield on the 30-year Japanese bond also declined, down to 0.924%, which was off 6.2 bps from yesterday’s close of 0.986%. The intraday low was 0.916%, and the intraday high was 0.990%.

Coming amid the Bank of Japan’s continued attempts to spur inflation, these yields are the lowest since the security began trading on Tradeweb in 2008.

Meanwhile, in the U.S., the bid yield on the 10-year Treasury was 1.724% as of 2:10 PM ET, down 2.1 bps from yesterday’s close of 1.745%. The intraday low was 1.649%, and the intraday high was 1.740%. This movement follows Housing Department data indicating new home sales decreased to a seasonally-adjusted rate of 494,000 in January.

In Germany, amid declines in European stock indices, the bid yield on the 10-year Bund was 0.164%, down 1.7 bps from yesterday’s close of 0.181%. The intraday low was 0.128%, and the intraday high was 0.206%.

In the U.K., amid volatility in the price of British pound and ongoing political debate about ‘Brexit’, the bid yield on the 10-year Gilt dropped. At 1.387%, it was down 3.3 bps from yesterday’s close of 1.420%. The intraday low was 1.328%, and the intraday high was 1.447%.

The charts below are based on indicative, real-time data from Tradeweb.

CHART 1: Japanese 10-Year Yields – February 25, 2015 – February 24, 2016 (12 Month View)

Japanese 10Year Yields 

CHART 2: Japanese 30-Year Yields – February 25, 2015 – February 24, 2016 (12 Month View)