In the bond market on the 18th, the movement to sell government bonds strengthened, and the long-term interest rate rose to 0.51%, exceeding the 0.5% upper limit of fluctuation range set by the Bank of Japan for four consecutive business days.
However, before the announcement of the results of the meeting to decide monetary policy held until the 18th by the Bank of Japan, long-term interest rates temporarily fell below 0.5% for the first time in two weeks, and selling and buying are mixed.
When government bonds are sold, their prices fall and interest rates rise, but in the bond market on the 18th, Japanese government bonds were sold again, and the yield of 10-year government bonds, which is a representative indicator of long-term interest rates, dropped. It rose to 0.51%.
On the 20th of last month, the Bank of Japan revised its large-scale monetary easing measures and raised the upper limit of the fluctuation range of long-term interest rates to about 0.5%, but it is the fourth consecutive business day that long-term interest rates have exceeded this upper limit.
The reason why long-term interest rates rose is that the Bank of Japan is likely to move to revise monetary easing measures at its monetary policy meeting, which is open until the 18th. because
However, in morning trading, long-term interest rates temporarily fell below 0.5% for the first time in about two weeks.