The Bank of Japan said on Tuesday it would continue to buy so-called cheapest-to-deliver 10-year bonds as part of the central bank's efforts to defend its ultra-easy monetary policy. The BOJ has been offering to buy unlimited amounts of 10-year bonds at a fixed rate to defend its 0.25% yield cap.
STOCKS: The benchmark BSE Sensex rose 324.5 points, or 0.52%, to 62,829.3, while the broader NSE index gained 98.65 points, or 0.53%, to 18,661.4, tracking Asian peers that rebounded after China's decision to support property developers.
Yields on longer-dated Japanese government bonds rose for a third straight session on Tuesday to hit almost three-week highs after hawkish comments from the U.S. Federal Reserve officials put bond markets globally on the back foot. The 20-year JGB yield rose 2 basis points to 1.120%, while the 30-year JGB yield rose 2.5 bps to 1.510%, the highest levels since Nov. 10.
STOCKS: The benchmark BSE Sensex rose 200.11 points, or 0.32%, to 62,704.91, while the broader NSE index gained 57.15 points, or 0.31%, to 18,619.9, led by gains in banking and pharmaceuticals shares, as market awaits growth data due on Wednesday.
* Dozens of campuses, protesters make show of civil disobedience. * No sign of new protests in Beijing, Shanghai on Monday. * China bonds, stocks have suffered hefty outflows in 2022. By Karin Strohecker and Dhara Ranasinghe.
Speculators' net bearish
bets on U.S. Treasury note futures decreased in the latest week,
according to Commodity Futures Trading Commission data released
on Monday.
* Canadian dollar weakens 0.8% against the greenback. * Touches its weakest since Nov. 21 at 1.3493. * Canada posts a third-quarter current account deficit. * Canadian bond yields rise across curve. By Fergal Smith.
Treasury prices pared
earlier gains on Monday after regional Federal Reserve
presidents pushed back on the notion that the U.S. central bank
could soon cut interest rates to revive an economy that is ...
* Dozens of campuses, protesters make show of civil disobedience. * No sign of new protests in Beijing, Shanghai on Monday. * China bonds, stocks have suffered hefty outflows in 2023. By Karin Strohecker and Dhara Ranasinghe.
* Canadian dollar weakens 0.6% against the greenback. * Touches its weakest since Nov. 21 at 1.3473. * Canada posts a third-quarter current account deficit. * Canadian bond yields edge higher across curve. By Fergal Smith.
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