Long-term interest rate for the first time in 9 months View of rising overseas interest rates December 20, 15:51
In the bond market on the 20th, the long-term interest rate, which had continued to be negative, rose positive for the first time in about nine months. This is because the world economy has picked up as trade negotiations between the United States and China progressed, and the view that overseas interest rates will rise.
The yield of government bonds decreases as the number of buyers increases and the price increases. Conversely, the yield increases as the number of sellers increases and the price decreases.
In the bond market on the 20th, there was a move to increase investment in relatively high-risk assets by selling Japanese government bonds.
As a result, the yield on government bonds with a 10-year maturity period, which is a typical indicator of long-term interest rates, increased to 0.005% after noon.
Long-term interest rates have been negative for a long time, but have been positive for the first time in nine months since March.
Expectations that the United States and China, which reached the first stage of agreement in the trade negotiations, will sign an agreement document at the beginning of the year will spread, and the expectation that the slowing global economy will pick up will also lead to higher interest rates. It was.
The long-term interest rates in European countries are also on the rise after the central bank of Sweden raised the negative policy interest rate to 0% on the 19th.
Market officials said, “The rise in long-term interest rates in Europe and the United States makes it easier for interest rates to rise in the Japanese bond market.”