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Data from FMP. Forecasts by Sigmanomics Forecast Engine.
JapanJapan 2 Year Note Yield climbed to 0.01% in August 2023
FMPMonthlyReleased August 2023
Japan 2 Year Note Yield climbed to 0.01% in August 2023, up 0.07% from July's -0.06% reading.
Latest Release
0.011000
Actual
—
Consensus
-0.062000
Previous
Sigmacast Track Record
Sigmacast track record will appear here once this indicator has been released 3+ times since Sigmanomics began tracking.
Sigmacast Σ-direction model: consensus + ½ × mean(surprise, trailing 90d).
CORRELATED SYMBOLS— markets that historically move with this indicator
| Symbol | Direction | Correlation | Asset Class | Signal Bias | Action |
|---|---|---|---|---|---|
| USD/JPY | ▼ Inverse | −0.50 | FOREX | Bullish JPY | → View |
| EUR/JPY | ▼ Inverse | −0.45 | FOREX | Bullish JPY | → View |
| Nikkei 225 | ▲ Direct | +0.45 | INDEX | Bullish JP | → View |
| GBP/JPY | ▼ Inverse | −0.40 | FOREX | Bullish JPY | → View |
| XAU/USD | ▲ Direct | +0.30 | COMMODITIES | Watch | → View |
Correlation based on 12-month rolling window. Click any symbol to view its Sigmanomics forecast page.
THE RELEASE
2 Year Note Yield (Japan) was reported at 0.01% in August 2023. The reading rose from the previous value of -0.06%.
THE MODEL'S TAKE
Historically, this indicator is negatively correlated with USD/JPY (Bullish JPY). A secondary relationship exists with EUR/JPY, negatively correlated (Bullish JPY).
WHAT TO WATCH NEXT
Same-country events in the next 14 days include Housing Starts YoY (May 28) and Unemployment Rate (May 28).
Auto-generated from current model state · Refreshes on each release · Last update August 2023.
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2 Year Note Yield - JP
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About 2 Year Note Yield — Japan
DEFINITION
The 2 Year Note Yield is a financial indicator that measures the yield or return on investment for a two-year government bond. It is often used as a benchmark for short-term interest rates and is closely monitored by investors and financial analysts as an indicator of the overall health of the economy. A higher 2 Year Note Yield typically reflects a stronger economy, while a lower yield may signal economic uncertainty. This indicator is important for investors to consider when making decisions about their portfolio and for policymakers to assess the current state of the economy.
WHY THIS INDICATOR MATTERS
This release contributes to the broader macro picture used by cross-asset investors for positioning and risk management. The release is more useful as part of a longer-run signal than as a single-print catalyst. Released monthly.
WHAT CHANGED THIS MONTH
Latest reading (Aug 2023): actual 0.011 %.
WHAT'S NEXT
This indicator correlates most strongly with USD/JPY (Bullish JPY, r=-0.50) — a useful reference for forex-focused traders.