Japan joins Germany in bond yield slide
Tokyo
JAPANESE bonds rose in the latest leg of a worldwide surge in government securities, with five-year yields matching Germany's at zero per cent, as tumbling oil costs indicate inflation will slow.
The effective yield on the Bank of America Merrill Lynch Global Broad Market Sovereign Plus Index dropped to 1.21 per cent on Monday - a record low in data starting in 1996. Australia's 10-year yield declined to its lowest level ever. Germany's bonds have touched negative levels every day this month. Switzerland's closed on Monday at a record-low minus 0.127 per cent.
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
International
Putin plans to meet Xi in China days after his new term starts
Biden vetoes bid to repeal US labour board rule on contract, franchise workers
Economic leaders of South Korea, Japan, China say FX volatility is a risk
US automakers win extension on use of Chinese graphite in EV tax credits
US service sector contracts in April; price pressures up
Thaksin’s daughter calls central bank independence an ‘obstacle’