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The Japanese government bonds closed flat Wednesday ahead of the country’s producer price index (PPI) for the month of September, scheduled to be released on October 9 by 23:50GMT and the super-long 30-year auction, due to be released on the following day by 03:35GMT, amid ongoing geopolitical tensions and worries over global economic slowdown.
At close, the yield on the benchmark 10-year JGB note, which moves inversely to its price, hovered around -0.208 percent, the yield on the long-term 30-year remained flat at 0.375 percent and the yield on short-term 2-year too held steady near -0.319 percent.
China’s Commerce Ministry issued a statement last night in reaction to the latest entity list issued by the US Commerce Department. Except defending China’s position in Xinjiang region and criticizing US’s interference on China’s internal affairs, there were little details on whether if China will launch any tit-for-tat retaliatory measures, OCBC Treasury Research reported.
Markets will continue to watch out for the headline news in the coming days leading to the trade talk, the report added.
Meanwhile, the Nikkei 225 index closed -0.61 percent lower at 21,456.38.
