Japan's 10-year bond yields fall as BOJ maintains rate targets
TOKYO, Jan 19 (Reuters) - Japan's benchmark 10-year bond
yields fell on Wednesday, after the Bank of Japan kept its
interest rate targets unchanged, though rising U.S. bond yields
limited losses.
The BOJ left unchanged a -0.1% target for short-term
interest rates and a pledge to guide long-term rates around 0%
at a two-day meeting that ended on Tuesday.
The benchmark 10-year JGB yield fell 0.5
basis point (bps) to 0.140% and the 10-year JGB futures
rose 0.15 point to 150.89, with a trading volume of 16,919 lots.
U.S. Treasury yields extended gains during the Asian trading
hours, with the 10-year yields hitting their highest
since January 2020, as traders prepared for the Federal Reserve
to be more aggressive in tackling unabated inflation.
The 20-year JGB yield was flat at 0.530%,
while the 30-year JGB yield rose 0.5 bps to
0.715%.
The 40-year JGB yield was flat at 0.750%.
The two-year JGB yield was unchanged at minus
0.075% and the five-year yield fell 0.5 bps to
minus 0.030%.
(Reporting by Tokyo markets team; Editing by Rashmi Aich)
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