Market Snapshot: Japanese, U.S. Yields Drop Following BOJ Decision, Jobless Claims and Q1 GDP Data

| Tradeweb

oday, the Bank of Japan’s decided not to pursue additional monetary easing even as it emphasized its readiness to act if warranted. Following this, 2-year yields increased while 10-year and 30-year yields dropped, according to Tradeweb data.

 

At -0.229%, the bid yield on the 2-year bond continued its recent climb, moving up 1.5 bps from yesterday’s close of -0.244%. Intraday yields ranged from a high of -0.226% to a low of -0.246%.

 

The bid yield on the 10-year bond fell to -0.076%, down 1.7 bps from yesterday’s close of -0.059%, with an intraday low of -0.089% and an intraday high of -0.056%.

 

Meanwhile, the 30-year bond dropped to 0.339%, down 4.4 bps from yesterday’s close of 0.383%. Intraday yields ranged from a low of 0.335% to a high of 0.388%.

 

In the U.S., the bid yield on the 10-year Treasury note dropped to 1.840%, down 2 bps from yesterday’s close of 1.860%, and intraday yields ranged from a low of 1.812% to a high of 1.870%. This follows jobless claims increasing to 257,000, an increase of 9,000 from last week’s revised 248,000, and data showing Q1 GDP at a 0.5% annual rate.

 

The 2-year Treasury note dropped to 0.789%, down 5.2 bps from yesterday’s close of 0.841%. Intraday yields ranged from a low of 0.789% to a high of 0.825%.

 

In Germany, the bid yield on the 10-year Bund dropped to 0.256%, down 2.9 bps from yesterday’s close of 0.285%, and intraday yields ranged from a low of 0.219% to a high of 0.289%.

 

Yields were taken at 2:45 PM ET. 

 

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

 

CHART 1: Japanese 2-Year Bond Yield – April 30, 2015 – April 28, 2016 (12 Month View)

CHART 2: U.S. 2-Year Treasury Yield – April 30, 2015 – April 28, 2016 (12 Month View)

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