Japan's 40-year bond yield hits lowest since December 2016

Omkar Godbole FXStreet Contributor

The yields on the long duration Japanese government bonds (JGB) are feeling the pull of gravity.

Notably, the 40-year JGB yield fell below 0.780 percent a few minutes before press time; the lowest level since December 2016.

The decline could be associated with the 0.5 percent drop in the S&P 500 futures and the resulting haven demand for JGBs.

Author

Omkar Godbole

FXStreet Contributor

Omkar Godbole, editor and analyst, joined FXStreet after four years as a research analyst at several Indian brokerage companies.

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