Monday, July 23, 2012

10-Yr JGB Yield Hits More Than 9-Yr Low

TOKYO (NQN)--The yield on newly issued 10-year Japanese government bonds stood at 0.730% on Monday morning, down 0.015% from Friday and its lowest level since June 27, 2003.

Rekindled fears about Europe's debt crisis are causing the flow of money into JGBs as a safe asset.

The Nikkei Stock Average's weak performance also provided a buying incentive.

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