Business · Markets · 2 hrs ago

Japanese bond futures fall as 30-year yield rises to 3.870%

Japanese bond futures fall as 30-year yield rises to 3.870%

Japanese bond futures fell at the start of trading on Oct.

28 in the domestic market.

The December futures contract opened 25 sen lower than the previous day, at 126 yen and 36 sen.

Investor sentiment improved after US shares linked to AI rose, easing concern that recent stock market declines in Japan and the United States might continue.

That change in mood prompted investors to sell Japanese bond futures.

The yield on newly issued 30-year Japanese government bonds rose to 3.870%, up 0.025 percentage point from the previous day.

Bond yields rise when bond prices fall, so the move showed weaker prices for those bonds.

No further market developments or next steps were specified.

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