14:48 on February 28 due to the spread of new virus infection, which is strengthening the buying of government bonds and gold
With the spread of the new coronavirus, investors are increasingly buying bonds and gold, which are relatively safe assets to avoid risks.
Among them, the bond market on the 28th has seen a growing movement to buy government bonds and long-term interest rates have fallen.
For government bonds, the yield decreases as the number of buyers increases and the price increases, and conversely, as the number of sellers increases and the price decreases, the yield increases.
As a result, the yield on government bonds with a 10-year maturity period, which is a representative indicator of long-term interest rates, has fallen to -0.145% at noon on the 28th, the lowest level in about four months.
In addition, the movement to buy gold has strengthened and prices are rising. In the Tokyo Commodity Exchange gold trading, the December futures price was 5913 yen per gram on the 25th of this week, the highest since 1982 when gold futures began trading. Has been updated. Since then, it has been almost at the same level.
Market officials say, "In part because of the sharp drop in stock prices, investors are selling their stocks and buying safe assets is spurred. For the time being, we will continue to avoid risk." .
On the other hand, assuming that the world economy is sluggish and crude oil demand is decreasing, the Tokyo crude oil market places an order to sell futures, and the futures price, which is the center of trading, temporarily reached 33,700 yen per kiloliter, Price has fallen by more than 1000 yen from the closing price.