Reported Earlier, Japan 10-Year JGB Auction 0.926% Vs. 1.091% Prior
Portfolio Pulse from Benzinga Newsdesk
The recent Japan 10-Year JGB auction yielded 0.926%, down from the previous 1.091%. This change in yield could impact ETFs with significant exposure to Japanese bonds and equities.
August 06, 2024 | 4:54 am
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NEUTRAL IMPACT
BBJP, an ETF with significant exposure to Japanese equities, may experience short-term volatility due to the drop in Japan's 10-Year JGB yield.
The drop in JGB yield could affect investor sentiment towards Japanese equities, impacting BBJP's performance.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 80
NEUTRAL IMPACT
DXJ, an ETF focused on Japanese equities hedged against currency fluctuations, might see short-term impacts due to the lower JGB yield.
The lower yield on JGBs may influence investor behavior towards Japanese equities, affecting DXJ's performance.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 80
NEUTRAL IMPACT
EWJ, an ETF with broad exposure to Japanese equities, may face short-term volatility following the decline in Japan's 10-Year JGB yield.
The decrease in JGB yield could impact investor sentiment towards Japanese equities, influencing EWJ's performance.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 80