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JGB Yields Fall after 10Year Auction sees Solid Demand

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TOKYO, July 1 Reuters Japanese government bond JGB yields fell on Thursday after an auction of 10year notes received solid demand.

The 10year JGB yield fell 1.5 basis points to 0.040, and benchmark 10year JGB futures rose 0.12 point to 151.81, with a trading volume of 17,766 lots.

The government auction for 10year bonds received bids worth 3.54 times the bonds sold, higher than the bidcoverratio of 2.94 at the previous auction.

The 20year JGB yield fell one basis point to 0.430 and the 30year JGB yield fell 0.5 basis point to 0.680.

The 40year JGB yield fell 0.5 basis point to 0.760.

The fiveyear yield fell 0.5 basis point to minus 0.110.

At the short end, the twoyear JGB yield was flat at minus 0.115.

Reporting by Tokyo markets team

Source Reuters

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