Japan’s Bonds Decline as Asian Stock Gains Sap Demand for Safety of Debt

Japanese government bonds dropped as Asian stocks extended a global rally in equities, sapping demand for the relative safety of government debt.

The yield on the 20-year bond rose 2.5 basis points to 1.765 percent as of 2:55 p.m. in Tokyo. The MSCI Asia Pacific Index of stocks gained 1.1 percent. Japan’s markets re-opened today after the New Year holiday.

To contact the reporter on this story: Masaki Kondo in Singapore at mkondo3@bloomberg.net

To contact the editor responsible for this story: Jonathan Annells at jannells@bloomberg.net

Bloomberg reserves the right to edit or remove comments but is under no obligation to do so, or to explain individual moderation decisions.

Please enable JavaScript to view the comments powered by Disqus.