Bond prices got a boost from the fairly good outcome of today's two-year debt auction, while index-trackers actively purchased government debt paper, which supported the market.
More Quotes from Naomi Hasegawa:
There's speculation out there that more policy makers will cast votes against keeping the policy unchanged. That is negative for bonds.Naomi Hasegawa
There was some concern that the core CPI would fall back into negative territory owing to a decline in oil prices, but perhaps we don't have to worry about that scenario, as crude futures have rebounded recently.
Naomi Hasegawa
The news could be a trigger to buy bonds. Investors dislike uncertainty.
Naomi Hasegawa
People are paying attention to what Fukui will say. It's hard to find a reason to buy bonds as yields are rising.
Naomi Hasegawa
The headline figure was not as strong as expected but the overall picture is strong. Bonds are falling as investors focus on the strong parts of the report.
Naomi Hasegawa
Market expectations appear to be accelerating and unless the central bank takes action soon, it may lose the market's confidence.
Naomi Hasegawa
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