Market Snapshot: Japanese 10-Year Yield at Highest Point Since February 2016
Yields on 10-year Japanese bonds continued to climb today amid ongoing concerns about inflation and monetary policy, according to Tradeweb data.
At 0.004%, the yield is up 4.8 bps from Friday’s close of -0.044% and is at its highest point since February 19, 2016, when it reached 0.012%.
On July 27, 2016, the Japanese 10-year bond hit a record low (based on historical Tradeweb data) of -0.291%. With today’s close, it is up 29.5 bps since then.
Meanwhile, yields on U.S., German, and U.K. 10-years fell today but are still hovering near their highest points in 6 months.
Below are numbers based on indicative, real-time data from Tradeweb as of 2:14 PM ET.
CHART 1: Japanese 10-Year Yield – November 4, 2015 – October 31, 2016 (1-Year View)