Chief Stock Market Correspondent, EMEA
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Jul 27, 2012

JGB yields rise after ECB Draghi’s pledge

TOKYO, July 27 (Reuters) – Japan’s government bond yields
rose on Friday after European Central Bank chief Mario Draghi
sent a strong signal the bank would act to tackle the euro zone
debt crisis.

Draghi’s comments along with better-than-expected economic
data from the United States, including weekly jobless claims and
durable goods data, were enough to boost investors’ risk
appetite, driving up global equities and hurting the appeal of
safe-haven government bonds.

Jul 26, 2012

yr yield flat on profit-taking after auction

TOKYO, July 26 (Reuters) – Japan’s 20-year government bond
yield was flat on Thursday as investors took profits after a
robust auction of 20-year debt pushed yields lower.

Yields on benchmark 10-year bonds moved away from a
nine-year low hit this week.

Jul 25, 2012

Nikkei sheds 1.4 pct to 7-wk closing low on US earnings

TOKYO (Reuters) – The Nikkei share average fell 1.4 percent on Wednesday to a seven-week closing low after disappointing results from Apple Inc results hit the iPhone maker’s Japanese suppliers, while printer makers fell after Lexmark International cut its outlook.

Worries about slowing global growth and the deepening euro zone sovereign debt crisis have bitten into U.S. and Japanese corporate earnings. Of 26 U.S. firms that have revised third-quarter profit forecasts since mid-June, 19 have cut them, according to Thomson Reuters I/B/E/S.

Jul 24, 2012

year yield rises, off 9-year low

TOKYO, July 24 (Reuters) – Ten-year Japanese government bond
yields inched up on Tuesday, backing off from a nine-year low
hit in the previous session, as investors pocketed gains,
although analysts said the deepening euro zone crisis was likely
to cap yields in the near-term.

Concerns over the euro zone sovereign debt crisis and
sluggish growth in China and the United States have lifted the
appeal of U.S. Treasuries, German Bunds and JGBs. The 10-year
JGB yield has fallen 9.5 basis points so far this month after
dropping 15.5 basis points in April-June.

Jul 23, 2012

yr yield falls to nine-year low on Spain fears

TOKYO, July 23 (Reuters) – Yields on 10-year Japanese
government bonds hit a nine-year low on Monday as concerns that
Spain may need a full-blown bailout lifted the appeal of
government debt — a development that also saw the yield on
10-year U.S. Treasuries hit a record low.

The 10-year JGB yield slipped 1.5 basis point
to 0.725 percent, its lowest since June 2003, while 10-year bond
futures rose 17 ticks to 144.63, not far from their
record high of 145.09.

Jul 20, 2012

Nikkei slips as Japan focuses on soft U.S. economic data

TOKYO (Reuters) – The Nikkei share average slipped in early trade on Friday as weak U.S. economic data raised concerns over the health of the world’s largest economy and its impact on the export-reliant Japanese economy.

Japanese market players were more concern over the soft U.S. data than Thursday’s positive U.S. corporate earnings, which helped propel the S&P 500 .SPX index to a 2-1/2-month high.

Jul 19, 2012

year yields hit 9-year low, 5-year up

TOKYO, July 19 (Reuters) – Japan’s government bond prices
edged higher on Thursday, with the 10-year yield hitting a
nine-year low on persistent concerns over the European debt
crisis after reported comments by German Chancellor Angela
Merkel.

Five-year bonds underperformed, however, with
the yield up 0.5 basis point to 0.185 percent after an auction
of 2.5 trillion yen ($31.70 billion) worth of debt of the same
maturity yielding 0.185 percent.

Jul 18, 2012

year yield at near 2-year low, 5-year yield up

TOKYO, July 18 (Reuters) – Japan’s government bond prices
rose modestly on Wednesday, with the 20-year yield falling to a
near two-year low as some analysts said investors were scouting
for opportunities to buy on dips.

Five-year debt underperformed, however, with
the yield up 0.5 basis point to 0.185 percent ahead of the
Ministry of Finance’s 2.5 trillion yen ($31.7 billion) auction
of five-year bonds on Thursday.

Jul 17, 2012

year yield returns to May’s near 7-year low

TOKYO, July 17 (Reuters) – Japan’s government bond yields
were mostly lower on Tuesday, with some investors betting on
further stimulus from the Bank of Japan as weak U.S. retail
sales lifted expectations the Federal Reserve may launch a new
round of its bond-buying programme.

Some market participants continued to price in the BOJ
cutting the 0.1 percent interest it pays to financial
institutions to park excess reserves with the central bank –
even though Governor Masaaki Shirakawa has said the BOJ was not
thinking about making such a cut.

Jul 13, 2012

Ten-year JGB prices, futures inch up after China GDP

TOKYO, July 13 (Reuters) – Japan’s benchmark 10-year bond
yield reversed its fall to a nine-year low to trade higher on
Friday while that on the superlong debt cut losses after China’s
second quarter economic growth came in line with market
expectations.

Concern that the euro zone debt crisis was worsening after
Moody’s downgraded Italy’s credit rating and that China’s GDP
growth would be far weaker led to safety bids in the morning
session. The 20-year yield fell to a near two-year low and
10-year bond futures edged close to a record high.

    • About Dominic

      "I am head of the European stock markets team based in London. Before that, I was with Reuters Hong Kong for more than 10 years, covering politics, banking, macro-economy and Asian G-3 currency bonds and credit."
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