Economics
Japan’s 10-Year Bonds Tumble After BOJ Targets Yield Near Zero
- Central bank introduces fixed-rate bond-buying operations
- Benchmark yield turns positive for first time in six months
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Japan’s 10-year government bond yields turned positive for the first time since March after the central bank said it would purchase debt so that yields remain near zero.
The benchmark 10-year yield rose to as high as 0.005 percent and was minus 0.035 percent at 9:06 a.m. in London, from minus 0.065 percent Tuesday, according to Japan Bond Trading Co. It has climbed from the record low of minus 0.3 percent set in July. Thirty-year yields increased two basis points to 0.515 percent.