AGL 40.00 No Change ▼ 0.00 (0%)
AIRLINK 127.04 No Change ▼ 0.00 (0%)
BOP 6.67 No Change ▼ 0.00 (0%)
CNERGY 4.51 No Change ▼ 0.00 (0%)
DCL 8.55 No Change ▼ 0.00 (0%)
DFML 41.44 No Change ▼ 0.00 (0%)
DGKC 86.85 No Change ▼ 0.00 (0%)
FCCL 32.28 No Change ▼ 0.00 (0%)
FFBL 64.80 No Change ▼ 0.00 (0%)
FFL 10.25 No Change ▼ 0.00 (0%)
HUBC 109.57 No Change ▼ 0.00 (0%)
HUMNL 14.68 No Change ▼ 0.00 (0%)
KEL 5.05 No Change ▼ 0.00 (0%)
KOSM 7.46 No Change ▼ 0.00 (0%)
MLCF 41.38 No Change ▼ 0.00 (0%)
NBP 60.41 No Change ▼ 0.00 (0%)
OGDC 190.10 No Change ▼ 0.00 (0%)
PAEL 27.83 No Change ▼ 0.00 (0%)
PIBTL 7.83 No Change ▼ 0.00 (0%)
PPL 150.06 No Change ▼ 0.00 (0%)
PRL 26.88 No Change ▼ 0.00 (0%)
PTC 16.07 No Change ▼ 0.00 (0%)
SEARL 86.00 No Change ▼ 0.00 (0%)
TELE 7.71 No Change ▼ 0.00 (0%)
TOMCL 35.41 No Change ▼ 0.00 (0%)
TPLP 8.12 No Change ▼ 0.00 (0%)
TREET 16.41 No Change ▼ 0.00 (0%)
TRG 53.29 No Change ▼ 0.00 (0%)
UNITY 26.16 No Change ▼ 0.00 (0%)
WTL 1.26 No Change ▼ 0.00 (0%)
BR100 10,010 Increased By 126.5 (1.28%)
BR30 31,023 Increased By 422.5 (1.38%)
KSE100 94,192 Increased By 836.5 (0.9%)
KSE30 29,201 Increased By 270.2 (0.93%)
Markets

Most JGBs weaken as risk appetite improves

  • Benchmark 10-year JGB futures fell 0.05 point to 152.06, with a trading volume of 21,696 lots.
Published October 1, 2020

TOKYO: Prices of most Japanese government bonds fell on Thursday as risk appetite improved on hopes for US fiscal stimulus and a survey showed an improvement in Japan's business sentiment, offsetting strong demand seen at a 10-year debt auction.

Benchmark 10-year JGB futures fell 0.05 point to 152.06, with a trading volume of 21,696 lots.

The Japanese finance ministry offered 2.6 trillion yen of 10-year JGBs, with the bid-to-cover ratio, a gauge of demand, rising to 4.06 from 3.15 at the previous sale in September.

In another sign of strong demand, the tail between the average and the lowest accepted prices was 0.01, narrowing from 0.11 last month. But the 10-year JGB yield was unchanged at 0.010pc.

In the super-long zone, the 20-year JGB yield rose half a basis point to 0.400pc, while the 30-year JGB yield climbed 1.5 basis points to 0.605pc.

The 40-year JGB yield added 1 basis point to 0.640pc.

At the shorter end of the curve, the two-year JGB yield rose 1 basis point to minus 0.130pc, while the five-year yield was flat at minus 0.115pc.

Risk-on sentiment kicked in on renewed hopes for US fiscal stimulus after the Trump administration proposed a new stimulus proposal worth over $1.5 trillion to House Democrats.

On the home front, the Bank of Japan's "tankan" survey showed Japanese manufacturers were less pessimistic in July-September compared with the previous quarter when the COVID-19 pandemic had pushed down business sentiment to an 11-year low.

Separately, the bond market reacted little to the Tokyo Stock Exchange suspending Thursday's trade after its worst-ever system glitch.

Comments

Comments are closed.