Sudden Plunge In Japanese Government Bonds Triggers Circuit Breaker, Halts Market For 30 Seconds
by Tyler Durden
ZeroHedge.com
03/09/2016
Just 24 hours after hitting record low negative yields, trading of Japan’s government bond futures was halted for 30 second after the price of the contracts dropped as much as 0.6% driven by a sudden, dramatic selloff in the 10 Year JGB. The Benchmark bond tumbled, pushing yields up eight basis points to minus 0.015 percent as of 2:51 p.m. Yields rebounded after dropping more than five basis points to a record minus 0.1 percent Tuesday.
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