Japanese government bond yields fall; 30-year yield drops 5.5 basis points to 4.065%
In short
Japan's 30-year government bond yield fell 5.5 basis points to 4.065% on October 9, CLS and Jiemian reported. On the same day the 10-year yield fell 4.5 basis points to 3.035% and the 5-year yield fell 2.5 basis points to 2.360%, according to CLS. The 30-year yield had also declined on October 7 and October 8.
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Japan's 30-year government bond yield fell 5.5 basis points to 4.065% on October 9, CLS and Jiemian reported. CLS also reported that the 10-year yield fell 4.5 basis points to 3.035% that day and that the 5-year yield fell 2.5 basis points to 2.360%; Yicai reported the same 2.5-basis-point fall in the 5-year yield without giving a level. [ 4 , 5 , 6 , 7 , 8 ]
The 30-year yield had fallen on the two previous days as well. It fell 3.0 basis points to 4.205% on October 7, according to CLS and 36Kr, and 2.5 basis points to 4.185% on October 8, according to CLS. None of the reports gives a reason for the moves. [ 1 , 2 , 3 ]
Why it matters
The figures were reported as short market data updates by Chinese business and tech outlets. The documents give no reason for the moves and no further context.
Key facts
- Japan's 30-year government bond yield fell 5.5 basis points to 4.065% on October 9. [ 7 , 8 ]
- Japan's 10-year government bond yield fell 4.5 basis points to 3.035% on October 9. [ 6 ]
- Japan's 5-year government bond yield fell 2.5 basis points on October 9; CLS put it at 2.360%. [ 4 , 5 ]
- On October 8 the 30-year yield fell 2.5 basis points to 4.185%. [ 3 ]
- On October 7 the 30-year yield fell 3.0 basis points to 4.205%. [ 1 , 2 ]
Confirmed by several sources
Still unclear
- The 10-year yield's fall of 4.5 basis points to 3.035% on October 9. Reported by CLS only.
- The 30-year yield's fall of 2.5 basis points to 4.185% on October 8. Reported by CLS only.
- What drove the declines. None of the reports gives a reason for the moves.
What local media are saying
Timeline, local time
- October 7: CLS reports the 30-year yield fell 3.0 basis points to 4.205%. [ 1 ]
- October 8: CLS reports the 30-year yield fell 2.5 basis points to 4.185%. [ 3 ]
- October 9: CLS reports the 5-year yield fell 2.5 basis points to 2.360%. [ 4 ]
- October 9: CLS reports the 10-year yield fell 4.5 basis points to 3.035%. [ 6 ]
- October 9: CLS reports the 30-year yield fell 5.5 basis points to 4.065%. [ 7 ]