Precise Investors


JGBs quiet in holiday-driven trade

Short-term Japanese government bond prices edged slightly down on Monday after the Bank of Japan trimmed its buying in the three- to five-year zone, while the overall mood was languid in thin trading ahead of holidays.

The benchmark 10-year cash JGB was untraded, while 10-year JGB futures ended flat at 151.02.

Tokyo markets will be closed for three days from Wednesday for a string of holidays known as Golden Week. Several markets across Asia and Europe are also shut on Monday for holiday. The BOJ offered to buy 300 billion yen (£2.08 billion) of JGBs with three to five years left to maturity in its regular buying operations. This is down from 320 billion yen (£2.21 billion) it offered to buy in its previous operation.


This article is for information purposes only.

Please remember that financial investments may rise or fall and past performance does not guarantee future performance in respect of income or capital growth; you may not get back the amount you invested.

There is no obligation to purchase anything but, if you decide to do so, you are strongly advised to consult a professional adviser before making any investment decisions.

Leave a Reply

3 × 2 =