Canada markets close in 4 hours 49 minutes
  • S&P/TSX

    21,138.90
    +183.91 (+0.88%)
     
  • S&P 500

    4,591.08
    +39.40 (+0.87%)
     
  • DOW

    35,718.86
    +228.17 (+0.64%)
     
  • CAD/USD

    0.8109
    +0.0019 (+0.23%)
     
  • CRUDE OIL

    82.30
    -0.36 (-0.44%)
     
  • BTC-CAD

    75,841.30
    +2,162.63 (+2.94%)
     
  • CMC Crypto 200

    1,481.77
    +62.40 (+4.40%)
     
  • GOLD FUTURES

    1,799.40
    +0.60 (+0.03%)
     
  • RUSSELL 2000

    2,285.57
    +33.08 (+1.47%)
     
  • 10-Yr Bond

    1.5570
    +0.0280 (+1.83%)
     
  • NASDAQ

    15,401.67
    +165.84 (+1.09%)
     
  • VOLATILITY

    16.47
    -0.51 (-3.00%)
     
  • FTSE

    7,247.49
    -5.78 (-0.08%)
     
  • NIKKEI 225

    28,820.09
    -278.15 (-0.96%)
     
  • CAD/EUR

    0.6935
    -0.0034 (-0.49%)
     

JGB 10-year yield rises from zero, track Treasury yields higher

·1 min read

TOKYO, Aug 5 (Reuters) - Japanese government bond yields edged higher on Thursday in sympathy with a rise in U.S. Treasury yields, but moves were limited ahead of a crucial U.S. jobs report.

The 10-year JGB yield rose 0.5 basis point to 0.005%, after dipping to zero on Wednesday for the first time since mid-December.

Benchmark 10-year JGB futures fell 0.11 point to 152.38, with a trading volume of 17,670 lots.

Ten-year Treasury yields also edged higher to 1.902% on Thursday, extending a rise from Wednesday, when it also dropped as low as 1.127%, a level not seen since early February.

"There's a bit of a feeling in the market that the decline in U.S. yields has overshot, and a strong payrolls print could trigger a shift to higher yields," said a market player at a domestic securities firm.

The 20-year and 30-year JGB yields also rose 0.5 basis point each, to 0.380% and 0.630%, respectively.

The five-year JGB yield was flat at minus 0.135%, while the two-year yield ticked 0.5 basis point lower to minus 0.140%.

The U.S. Federal Reserve has made a recovery in the jobs market a precondition for removing monetary stimulus.

The median economist forecast for Friday's non-farm payrolls report is an increase of 870,000 jobs, but the range of estimates stretches from 350,000 to 1.6 million. (Reporting by Tokyo markets team; Editing by Rashmi Aich)

Our goal is to create a safe and engaging place for users to connect over interests and passions. In order to improve our community experience, we are temporarily suspending article commenting