Japan 10-Year JGB Auction 0.594% Vs. 0.428% Prior
Portfolio Pulse from Benzinga Newsdesk
The yield on Japan's 10-year government bond (JGB) auction rose to 0.594% from the previous 0.428%.
August 01, 2023 | 4:12 am
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NEGATIVE IMPACT
The rise in JGB yield may impact BBJP, an ETF that tracks Japanese equities.
BBJP tracks Japanese equities and a rise in bond yields could lead to a shift from equities to bonds, potentially negatively impacting the ETF.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
The rise in JGB yield may impact DXJ, an ETF that tracks Japanese equities hedged against the USD.
DXJ tracks Japanese equities hedged against the USD. A rise in bond yields could lead to a shift from equities to bonds, potentially negatively impacting the ETF.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
The rise in JGB yield may impact EWJ, an ETF that tracks a broad range of Japanese equities.
EWJ tracks a broad range of Japanese equities. A rise in bond yields could lead to a shift from equities to bonds, potentially negatively impacting the ETF.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80