2023-05-25 22:55:00
The bond market fell on the 26th. While negotiations over the debt ceiling continued in the United States, expectations for additional interest rate hikes increased in response to the announcement of economic indicators that exceeded expectations, and the US long-term interest rate continued to rise further. The slackness in supply and demand in the super long-term zone, where the 40-year government bond auction was conducted the day before, is also weighing on the market.
Kazuhiko Sano, chief fixed-income strategist at Tokai Tokyo Securities, said there is widespread speculation that the US Federal Reserve (Fed) will not raise interest rates in June, but will resume following that. He said, “I think the Fed’s monetary policy will bring regarding a recession (including financial instability), but long-term interest rates are still on the rise. ing.
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Yields on 10-year U.S. Treasury bonds climbed 8 basis points to around 3.82% on Thursday.The number of new U.S. unemployment insurance claims fell below expectations, and figures up to the previous week were also revised downward, indicating the strength of the labor market.GDP) revised value is revised upward, additional interest rate hikeObservation increased.
Bank of Japan operation
- We carry out unlimited purchases of 10-year government bonds at a yield of 0.5% every business day.Continuation of the operation targeting the cheapest issue eligible for delivery (Cheapest) used for settlement of bond futures
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