Japan's Longest Bond Joins the Rest as 40-Year Yield Below 1%

Japan’s 40-year government bonds advanced, joining the rest of the nation’s debt in offering yields below 1 percent, as negative payouts on shorter-dated notes enhanced the allure of the nation’s longest securities.

Yields on 1.4 percent government notes maturing in March 2055 dropped 4 1/2 basis points to 0.99 percent as of 1:40 p.m. in Tokyo from Wednesday, according to data from Japan Bond Trading Co., the nation’s largest inter-dealer debt broker. The price rose 1.395 yen to 111.547. A basis point is 0.01 percentage point.

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