The yield on the benchmark Japan 10-year JGB sank below 0.06%, close to levels not seen since October 5th amid growing concerns about the impact of the newly discovered omicron coronavirus variant. Traders fear the battle against COVID-19 could get much more difficult because this strain exhibits several mutations in the spike protein targeted by existing vaccines. Moderna’s CEO said to the Financial Times that current vaccines could see a significant drop in effectiveness and that it will take months to reformulate a new shot and distribute it across the world. Capping some of the downturn, local media reported that the Japanese government draft budget for FY2022 will likely exceed a record USD 946 billion due to defense and social welfare expenses. source: Ministry of Finance, Japan

Historically, the Japan Government Bond 10Y reached an all time high of 7.59 in June of 1984. Japan Government Bond 10Y - data, forecasts, historical chart - was last updated on December of 2021.

The Japan Government Bond 10Y is expected to trade at 0.06 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate it to trade at 0.08 in 12 months time.

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Japan Government Bond 10Y

Bonds Yield Day Month Year
Japan 10Y 0.06 -0.002% -0.018% 0.036%
Japan 1M -0.07 0.070% 0.040% 0.050%
Japan 3M -0.11 0.040% 0.005% -0.025%
Japan 6M -0.11 0.030% -0.005% -0.015%
Japan 52W -0.12 0.004% -0.011% 0.011%
Japan 2Y -0.12 0.009% -0.005% 0.022%
Japan 3Y -0.11 0.013% -0.003% 0.036%
Japan 5Y -0.09 0.003% -0.007% 0.021%
Japan 7Y -0.09 -0.006% -0.036% -0.001%
Japan 20Y 0.45 -0.005% -0.001% 0.060%
Japan 30Y 0.68 0.006% 0% 0.026%

Japan Government Bond 10Y
Generally, a government bond is issued by a national government and is denominated in the country`s own currency. Bonds issued by national governments in foreign currencies are normally referred to as sovereign bonds. The yield required by investors to loan funds to governments reflects inflation expectations and the likelihood that the debt will be repaid.