Government bond yields fall as inflation cools, Prime Minister Takaichi repeats his budget promise

Japanese government bonds rose on Friday as cooling inflation reduced the urgency for central bank rate hikes and Prime Minister Sanae Takaichi reiterated her pledge to pursue “responsible” fiscal policy. The yield on ten-year Japanese government bonds fell by 3.5 basis points (bps) to 2%. ⁠The yield on two-year bonds, the most sensitive to the […]

Global Markets: Japan’s Nikkei Hits 58,000 Yen, JGBs Rally After Election Fallout

The Nikkei stock average broke above 58,000 for the first time on Thursday, joining a rare three-way rally with government bonds (JGBs) and the yen as markets digested the fallout from Prime Minister Sanae Takaichi’s historic election victory. The benchmark Nikkei 225 Index rose 0.3% to 57,816.14 after hitting a high of 58,015.08 earlier in […]