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JGB futures edge lower after BOJ delivers on rate hike bets

BY Reuters | ECONOMIC | 01/23/25 10:40 PM EST

By Junko Fujita and Brigid Riley

TOKYO, Jan 24 (Reuters) - Japanese government bond (JGB) futures fell on Friday after the Bank of Japan (BOJ) raised short-term interest rates, as widely expected, at the conclusion of its two-day monetary policy meeting.

Benchmark 10-year JGB futures fell to as low as 140.81 yen after the announcement and were last down 0.11 points at 140.83 yen. The 10-year JGB yield was unchanged as of 0336 GMT, up 0.5 basis point at 1.21%. (Reporting by Junko Fujita and Brigid Riley; Editing by Muralikumar Anantharaman)

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In general the bond market is volatile, and fixed income securities carry interest rate risk. (As interest rates rise, bond prices usually fall, and vice versa. This effect is usually more pronounced for longer-term securities.) Fixed income securities also carry inflation risk and credit and default risks for both issuers and counterparties. Unlike individual bonds, most bond funds do not have a maturity date, so avoiding losses caused by price volatility by holding them until maturity is not possible.

Lower-quality debt securities generally offer higher yields, but also involve greater risk of default or price changes due to potential changes in the credit quality of the issuer. Any fixed income security sold or redeemed prior to maturity may be subject to loss.

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