Chief Stock Market Correspondent, EMEA
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Apr 5, 2013

Japanese stocks, gov’t bonds jump after BOJ unveils massive stimulus

TOKYO, April 5 (Reuters) – Japanese shares jumped to near
five-year highs and government bond prices rose sharply on
Friday, with the long-end of the yield curve inverting, a day
after the Bank of Japan announced extraordinary stimulus
measures to reignite the world’s third-largest economy.

The massive stimulus steps promise to inject about $1.4
trillion into the economy in less than two years by buying
government bonds across the yield curve as well as riskier
exchange-traded funds.

Apr 3, 2013

Ten-year JGB yield dips, superlongs underperform; BOJ in focus

TOKYO, April 3 (Reuters) – Yields on benchmark 10-year
Japanese government bonds eased on Wednesday ahead of the
outcome of Bank of Japan’s two-day meeting on Thursday, though
the superlong sector underperformed, giving up some of the
previous session’s gains.

The 10-year yield inched down 1 basis point
to 0.550 percent, not too far from a near-decade low of 0.510
percent reached last week.

Apr 1, 2013

JGBs fall on profit-taking ahead of Tuesday’s auction

TOKYO, April 1 (Reuters) – Japanese government bond prices
fell on Monday, as investors took profits at the start of
Japan’s financial year after yields on benchmark 10-year debt
had fallen to a near-decade low and ahead of an auction of the
same maturity on Tuesday.

The 10-year yield added 1.5 basis points to
0.575 percent after earlier hitting a two-week high of 0.590
percent. It hit a near-decade trough of 0.510 percent on
Thursday and declined 23.5 basis points in January-March, its
sharpest quarterly fall in nearly three years.

Apr 1, 2013

JGBs fall as investors take profit ahead of Tuesday’s auction

TOKYO, April 1 (Reuters) – Japanese government bond prices
fell on Monday, as investors took profits at the start of
Japan’s financial year after yields on benchmark 10-year debt
had fallen to a near-decade low and ahead of an auction of the
same maturity on Tuesday.

The 10-year yield added 3 basis points to
0.590 percent, hitting a two-week high and further backing off
from a near-decade trough of 0.510 percent plumbed on Thursday.
It fell 23.5 basis points in January-March, its sharpest
quarterly fall in nearly three years.

Mar 29, 2013

Ten-year JGB yield off near-decade low, superlongs still in demand

TOKYO, March 29 (Reuters) – Yields on 10-year Japanese
government bonds bounced from a near-decade low on Friday in
their biggest one-day rise in two years, as investors took
profits ahead of next week’s auction of the same maturity and a
closely watched Bank of Japan policy meeting.

Mounting expectations that the central bank, under new
governor Haruhiko Kuroda, will embark on aggressive monetary
easing have sent yields on JGBs tumbling this quarter.

Mar 28, 2013

Japan 10-, 20-yr govt bond yields hit near-decade low on stimulus hopes

TOKYO, March 28 (Reuters) – Yields on benchmark 10-year
Japanese government bonds plumbed a near-decade low for a sixth
day in a row on Thursday, driven by market conviction that the
central bank will deliver a bold monetary stimulus at its
meeting next week.

The 10-year yield dipped 0.5 basis point to
0.510 percent, its lowest level since June 2003, when it slumped
to a record trough of 0.430 percent on the back of the Bank of
Japan’s quantitative easing measures.

Mar 27, 2013

JGBs gain on BOJ stimulus prospect, 10-yr yield at new near-decade low

TOKYO, March 27 (Reuters) – Japanese government bond prices
gained on Wednesday, with the yield on benchmark 10-year debt
hitting a near-decade low for a fifth day in a row on
expectations that the Bank of Japan will soon buy longer-dated
paper to revive the economy.

BOJ Governor Haruhiko Kuroda told parliament on Tuesday that
the central bank will seek to push down market interest rates by
buying longer-dated JGBs among future policy options. The
central bank is to hold its next policy-setting meeting on April
3 and 4.

Mar 26, 2013

Ten-year JGB yield falls to near-decade low on BOJ chief’s remarks

TOKYO, March 26 (Reuters) – Yields on benchmark 10-year
Japanese government bonds fell to a near-decade low for a fourth
straight day after Bank of Japan chief Haruhiko Kuroda said
buying longer-dated debt was a policy option to pursue monetary
easing.

Buying in the longer-dated sectors by pension funds and life
insurers ahead of Japan’s fiscal year-end on March 31 also
helped flatten the yield curve earlier in the session, although
yields on the 20- and 30-year sectors turned higher in the
afternoon.

Mar 22, 2013

JGBs rise on BOJ hopes, Cyprus concerns; 10-yr yield hits near-decade low

TOKYO, March 22 (Reuters) – Yields on benchmark 10-year
Japanese government bonds slipped to a near-decade low for a
second day in a row on Friday after the new Bank of Japan chief
reinforced expectations that the central bank would buy
longer-term assets to combat deflation.

Concerns over Cyprus also helped push JGB yields lower as
investors looked to less risky assets such as government bonds.

Mar 22, 2013

JGBs gain on BOJ hopes, Cyprus woes; 10-year yield at near-decade low

TOKYO, March 22 (Reuters) – Yields on benchmark 10-year
Japanese government bonds slipped to a near-decade low for a
second day in a row on Friday after new Bank of Japan chief
reinforced expectations the central bank would buy longer-term
assets to combat deflation.

Concerns over Cyprus after the European Union gave the
island till Monday to raise the billions of euros it needs to
secure an international bailout or face a collapse of its
financial system also helped push JGB yields lower.

    • 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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