JGB yields remain near record lows

The yields on the Japanese government bonds (JGB) remain near record lows as bonds continue to attract safe haven bids amid Brexit mess and speculation the BOJ and Japanese government may be forced to step-in in order to stabilize markets.

At the time of writing, the yield on the 10-yr JGB hovered around -0.21%; which is just a shy away from the record low of -0.23% hit yesterday. The yield on the newest 20-year JGB hit a record low of 0.040% yesterday and is trading around 0.06% today.

Bank of Japan and the government officials are scheduled to meet today to discuss the post Brexit situation in the financial markets.