Japan's 10-Year Yield Drops to Record on Flight to Haven Assets
Japanese Shares Drop Most Since September
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Japan’s benchmark bond yield dropped to a record after the nation’s stocks tumbled, spurring a flight to haven assets.
The 10-year yield touched 0.190 percent, falling past the low of 0.195 percent set on Jan. 20, 2015. Japanese sovereign debt is advancing as the central bank buys about as many bonds as the government is selling to stimulate the economy and crude oil’s plunge to a 12-year low undermines expectations for inflation.