Business · Markets · 1 hr ago

Japanese bond futures fall as rising oil prices fuel inflation concerns

Japanese bond futures fall as rising oil prices fuel inflation concerns

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

13.

The benchmark December contract opened at 124.82 yen, down 11 sen from its level before a three-day holiday break.

Rising tensions in the Middle East helped lift US oil futures on Oct.

12.

The near-term contract for US crude benchmark WTI briefly reached $94.36 a barrel, its highest level in two weeks.

Higher oil prices raised concern about growing inflation pressure in Japan.

That concern led investors to sell bond futures.

Sources

Related news