TOKYO. Japanese bond prices again slumped after the government said economic growth slowed below economist estimates. Yield or yield debt securities tenor of 10 years of record high after 10 months.
Yield bonds maturing in 2020 rose to 1.3% from the previous 1.2% at 11:05 am Tokyo time. While the price down 0.043 yen to 99.127 yen.
"Stock markets go up quite strong and sparked concerns of bond investors, the yield will be in the range of 1.3%," said Satoshi Yamada of Okasan Asset Management Co. in Tokyo. Investors speculated reduced its shareholding in the fixed income market to divert investment into the stock market.
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