In the domestic bond market on the 23rd, the long-term yield temporarily fell below 2.800% as share prices declined and investors increased purchases of bonds as a safe-haven asset. The benchmark yield on the newly issued 10-year Japanese government bond temporarily reached 2.755%.
In the domestic bond market on the 23rd, the long-term yield temporarily fell below 2.800% for the first time in 2.5 months. Bond prices rose, and a decline in the long-term yield was observed.
The stock market fell, led by artificial-intelligence-related stocks. As risk aversion strengthened amid a global decline in share prices, bond buying accelerated. The benchmark yield on the newly issued 10-year Japanese government bond temporarily reached 2.755%.
The move is understood to have been influenced by developments in AI-related information-technology stocks and the knock-on effect of lower interest rates. Attention is focused on whether the decline in the long-term yield will continue.