The yields on Japanese government bonds with a remaining maturity of 10 and 30 years declined on Monday as the yen climbed to its highest level against the American dollar in the aftermath of the Bank of Japan's move to hike interest rates by 15 basis points.
The recent appreciation of Japanese currency appeared to bolster the appetite for government bonds, deemed as safe-haven assets, and thus pushed yields lower.
The return on the 10-year Japan government bond dropped 17.1 basis points to 0.7900% at 9:38 JST. The yield on the 30-year note sank 12.8 basis points to 1.957% at the same time
