In the domestic bond market on the afternoon of the 13th, long-term interest rates extended their decline, with the yield on newly issued 10-year Japanese government bonds falling below 3% to 2.995%. Lower U.S. long-term interest rates and falling stock prices put downward pressure on domestic interest rates.
In the domestic bond market on the afternoon of the 13th, long-term interest rates extended their decline, with the yield on newly issued 10-year Japanese government bonds falling below 3% to 2.995%. The yield was lower than on the previous day, the 9th, settling at around a three-week low. It had traded at 3.000% in the morning.
U.S. long-term interest rates were declining, and downward pressure was spreading to domestic interest rates. The Nikkei Stock Average fell sharply at one point, weighing on the domestic market as a whole.
The latest move was supported by lower U.S. Treasury yields and falling stock prices, and some market participants expect the decline in long-term interest rates to continue.