Japan 10-Year Yield Falls Below Zero First Time Since September 2017
- Bonds have rallied around world as global stocks have slumped
- Yields may stay negative if current conditions continue: Daiwa
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Japan’s 10-year bond yield fell below zero for the first time since September 2017 as a slide in global equities fuels a rally in government debt around the world.
The benchmark yield dropped 2.5 basis points Friday to minus 0.005 percent, according to Japan Bond Trading Co., as the Nikkei 225 Stock Average declined on its last trading day of the year.