Reported Earlier, Japan 10-Year JGB Auction 0.910% Vs. 0.768% Prior
Portfolio Pulse from Benzinga Newsdesk
The yield on the 10-year Japanese Government Bond (JGB) at the latest auction was 0.910%, higher than the previous yield of 0.768%.
November 02, 2023 | 4:34 am
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NEUTRAL IMPACT
The rise in the 10-year JGB yield may impact the performance of the BBJP ETF, which tracks Japanese equities.
The BBJP ETF tracks Japanese equities and a rise in bond yields could indicate a shift in investor sentiment towards riskier assets like equities. However, the direct correlation is not always clear and depends on various factors.
CONFIDENCE 70
IMPORTANCE 50
RELEVANCE 50
NEUTRAL IMPACT
The DXJ ETF, which hedges against fluctuations in the yen, may be affected by the rise in the 10-year JGB yield.
The DXJ ETF hedges against fluctuations in the yen. A rise in bond yields could indicate a strengthening yen, which may impact the performance of the DXJ ETF. However, the direct correlation is not always clear and depends on various factors.
CONFIDENCE 70
IMPORTANCE 50
RELEVANCE 50
NEUTRAL IMPACT
The EWJ ETF, which tracks a broad range of Japanese stocks, may be impacted by the rise in the 10-year JGB yield.
The EWJ ETF tracks a broad range of Japanese stocks and a rise in bond yields could indicate a shift in investor sentiment towards riskier assets like equities. However, the direct correlation is not always clear and depends on various factors.
CONFIDENCE 70
IMPORTANCE 50
RELEVANCE 50