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MINATO HOLDINGS hits daily limit down on 17% operating profit decline forecast amid lower digital device margins

Wed May 13, 2026 11:19 am JST Catalyst

Benchmark June Japanese government bond (JGB) futures continued to fall on the morning of May 13, as a rise in U.S. Treasury yields the previous day weighed on domestic debt prices.

The U.S. Consumer Price Index (CPI) for April rose 3.8% year-on-year, exceeding market expectations and dampening hopes for interest rate cuts by the Federal Reserve. Inflation concerns triggered a sell-off in U.S. bonds, pushing long-term yields to 4.46%. U.S. crude futures also climbed, with the West Texas Intermediate (WTI) June contract rising to the 102 dollar per barrel range. Amid lingering uncertainty over the Middle East situation, a global inflation scenario returned to focus, leading to dominant selling in the JGB market to trim long positions.

The June futures contract ended the morning session at 128.83 yen, down 0.33 yen from the prior session. The yield on the newly issued 10-year JGB traded at 2.590% after briefly touching 2.600%, marking its highest level since 1997 and a 29-year high.

Source: MINKABU PRESS

*Translated by generative AI. Click here for the original article.

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