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JGBs jump at close tracking U.S. Treasuries after China, U.S. data disappoint investor sentiments

The Japanese government bonds ended Thursday’s Asian session on a higher note tracking a similar movement in the United States Treasuries after economic data in China and the U.S. disappointed investor sentiments.

At close, the yield on the benchmark 10-year JGB note, which moves inversely to its price, plunged 6 basis points to -0.060 percent, the yield on the long-term 30-year slipped 1-1/2 basis points to 0.520 percent and the yield on short-term 2-year traded tad lower at -0.160 percent.

The United States’ retail sales fell 0.2 percent during the month of April, while economists polled by Dow Jones expected an increase of 0.2 percent. Meanwhile, industrial production in the U.S. fell 0.5 percent in April after rising 0.2 percent in March.

Chinese industrial production rose 5.4 percent in April, well below a Refinitiv estimate of 6.5 percent. The print was also the weakest since May 2003, CNBC reported.

Meanwhile, the Nikkei 225 index closed -0.63 percent lower at 21,054.33, while at 06:00GMT, the FxWirePro's Hourly JPY Strength Index remained neutral at 45.20 (a reading above +75 indicates a bullish trend, while that below -75 a bearish trend). For more details, visit http://www.fxwirepro.com/currencyindex

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June 18 23:50 UTC Released

JPTrade Balance Total Yen

Actual

-967.1 Bln JPY

Forecast

-979.2 Bln JPY

Previous

60.4 Bln JPY

June 18 23:50 UTC Released

JPImports YY

Actual

-1.5 %

Forecast

0.2 %

Previous

6.4 %

January 31 00:00 UTC 725811725811m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

January 31 00:00 UTC 725811725811m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

January 22 19:00 UTC 737631737631m

ARTrade Balance

Actual

Forecast

Previous

-1541 %

January 31 00:00 UTC 725811725811m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

January 22 19:00 UTC 737631737631m

ARTrade Balance

Actual

Forecast

Previous

-1541 %

January 31 00:00 UTC 725811725811m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

January 31 00:00 UTC 725811725811m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

January 31 00:00 UTC 725811725811m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

Close

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