Business & Finance
Japan Bonds Rally as Global Risk-Off Move Boosts Haven Demand
Key Points
Japan Bonds Rally as Global Risk-Off Move Boosts Haven Demand Japanese government bonds rose on Friday, tracking a rally in US Treasuries, as a US stock selloff spilled into Asian markets and deepened a broader risk-off move. The benchmark 10-year JGB yield fell 7 basis points to 2.685%. Treasuries surged Thursday as the Nasdaq 100 plunged the most since 2020, fueling a broad flight from risk assets into government debt.
Japan Bonds Rally as Global Risk-Off Move Boosts Haven Demand
Japanese government bonds rose on Friday, tracking a rally in US Treasuries, as a US stock selloff spilled into Asian markets and deepened a broader risk-off move.
The benchmark 10-year JGB yield fell 7 basis points to 2.685%. Treasuries surged Thursday as the Nasdaq 100 plunged the most since 2020, fueling a broad flight from risk assets into government debt.