Japan 10-Year Bond Yield Falls to 2003 Low on Easing Bets
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Japanese government bonds rose, sending 10-year and 20-year yields to the lowest levels in almost a decade, after Bank of Japan Governor Haruhiko Kuroda signaled increased purchases of long-term debt.
The 30-year yield touched a 2 1/2-year low with its spread over 3-year notes narrowing to the least since August 2010. Kuroda told parliament he will consider all possible measures to influence the so-called yield curve, including extending bond maturities in its asset-purchase fund and scrapping a limit on the central bank’s JGB holdings. Leading bond futures climbed to a record.