All Japan Sovereigns Yield Below 0.3% as 40-Year Hits Record Low
- 40-year yield drops to 0.29%, 30-year falls to record 0.285%
- BOJ targeting super-long maturities driving demand: JPMorgan
Japan's 40-Year Bond Falls to Record Low
This article is for subscribers only.
Japan’s 40-year bond yield fell to a record low, meaning all the nation’s sovereign bonds yield less than 0.3 percent as investors rush for securities with positive income.
The yield on the 1.4 percent government note maturing in March 2055 fell to 0.29 percent in Tokyo Wednesday from 0.415 percent on Friday when the bond had last traded, according to Japan Bond Trading Co. The decline spread to other longer-dated maturities, pushing 30- and 20-year yields to record lows of 0.285 percent and 0.245 percent respectively. Japan’s two-year yield also reached a record minus 0.265 percent.