Business · Markets · 17 hrs ago
Japanese bond futures fall as strong US jobs data lifts yields
Japanese bond futures fell at the start of trading on Monday as investors reacted to rising US yields.
The benchmark December contract opened 39 sen lower than Friday, at 127 yen 82 sen.
US employment grew by 165,000 in October, above market expectations, pointing to a strong labor market.
Stronger jobs data can make investors expect interest rates to stay higher or rise.
Expectations of a December Fed rate increase grew, helping push up long-term US interest rates.
When yields rise, bond prices tend to fall, and that pressure prompted selling of Japanese bond futures.
The market's next direction is not stated.
Japanese bond futures fell at the start of trading on the morning of Nov. 9.
The December contract opened 39 sen lower than the previous Friday at 127.82 yen.
A stronger-than-expected US jobs report for October lifted US long-term yields.
The rise in yields and increased expectations of a December US Federal Reserve rate hike prompted selling of Japanese bond futures.
- Who
- Japanese bond futures traders.
- What
- Bond futures fell at the start of trading; the December contract opened 39 sen lower at 127.82 yen.
- When
- The morning of Nov. 9, 2026.
- Where
- Japan’s domestic bond market.
- Why
- US October employment data exceeded market expectations, lifting US long-term yields and increasing expectations of a December Federal Reserve rate hike.
This story does not have two clearly opposing sides.
The US released October employment data, which exceeded market expectations.
Japanese bond futures fell at the start of trading, with the December contract opening at 127.82 yen.
- December contract
- Opened at 127.82 yen
- Change at open
- Down 39 sen from the previous Friday
- US October nonfarm payrolls
- Increased by 165,000 from the previous month
- Japanese trading date
- Nov. 9, 2026