JGB yields decline tracking U.S. Treasuries, in afterglow of 30year tender


TOKYO, June 9 Reuters Japanese government bond yields fell on Wednesday, led by the longestdated securities, as bonds continued to be bought following Tuesdays smooth 30year debt auction and declines in U.S. Treasury yields overnight.

The 30year JGB yield fell 1.5 basis points to 0.665, with the 20year yield also declining 1.5 basis points to 0.430.

Yesterdays 30year auction was on the strong side compared to what the market had been expecting, and that came as a relief to investors so they continue to buy back bonds today, said Takenobu Nakashima, chief rates strategist at Nomura Securities.

The 40year JGB yield fell 1 basis point to 0.710.

The 10year JGB yield fell 0.5 basis point to 0.065, while benchmark 10year JGB futures rose 0.09 point to 151.71, with a trading volume of 41,156 lots.

The fiveyear yield was flat at minus 0.105, and twoyear JGBs were untraded.

Reporting by Tokyo markets team; Editing by Rashmi Aich

Source Reuters

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