TOKYO -- Fluctuation anxiety is diminishing in the market for Japanese government bonds as interest rates stabilize.
Standard & Poor's "fear gauge" VIX Index for JGBs now stands at 1.77. This is the lowest since the 1.67 marked Nov. 8, before investors here learned the outcome of the U.S. presidential election. The index is based on options on long-term JGB futures, which investors now see fluctuating only an annualized 1.77% for the next 30 days.
