Japanese equities falling into the close 30 June 2016
- open 15752.71
- high 15781.69
- low 15575.92
- USDJPY 102.57 with support/demand nearby at 102.50
Periphery spreads tightened substantially with Italian 10s down 10bps and German bunds flat at -0.11%.
Yields on all Japan government bonds are down below 0.1 per cent for the first time.
The yield on the Japanese government 40-year bond, which is usually the highest, has fallen to a record low of 0.08 per cent today, according to Bloomberg pricing.
Meanwhile, for everything 15-years and under, yields – which move in the opposite direction to price – are trading at negative values.
The yield on the 20-year bond hit a record low earlier today. Benchmark 10-year JGB yields traded at a record low minus 0.222 per cent on Monday, and were down 2 basis points today at minus 0.21 per cent.