Long-term interest rate -0.265% Low level for the first time in three years 10:24 on August 26 due to intensifying trade friction between the US and China
The US-China trade friction has become more intense, and the financial market has been shaken up. Japanese government bonds, which are considered relatively safe assets, have been bought in the bond market on the 26th, and the long-term interest rate is minus 0.265% for three years. The level is low.
JGBs have a relationship that yields decline as buyers increase and prices rise.
In the bond market on the 26th, there is a growing concern that the US-China trade friction will intensify and the global economy will slow, and there will be a move to buy Japanese government bonds, which are considered relatively safe assets, and the price will rise. doing.
As a result, the yield on government bonds with a maturity of 10 years, which is a typical indicator of long-term interest rates, has fallen to minus 0.265%.
It is still lower than the minus 0.255% that was set in the middle of this month, and it has been the lowest level in three years since July 2016.
A market official said, “The interest rate has continued to fall beyond the range of interest rates accepted by the Bank of Japan, but there may be further declines depending on the situation of exchange rates and stock prices. Attention is being paid to how the Bank of Japan responds.” It is.