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JGB Yields Track U.S. Treasuries Lower ahead of Fed Meeting

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Japanese government bond JGB yields fell on Tuesday, tracking a slide in U.S. in Treasuries as investors await the outcome of this weeks Federal Reserve meeting.

The yields decline also comes amid the Ministry of Finances liquidityenhancing auction that was in line with investors expectations, a market participant said.

A bidtocover ratio for the sale was 3.36, below 5.06 at the previous auction. The ministry sold offtherun JGBs with remaining maturities of 5 years to 15.5 years.

The 10year JGB yield fell one basis point to 0.095. The 20year JGB yield also fell one basis point to 0.48.

The 30year JGB yield fell one basis point to 0.665 and the 40year JGB yield fell 0.5 basis point to 0.71.

The fiveyear yield also fell one basis point to minus 0.1. The twoyear JGB yield fell one basis point to minus 0.15.

Benchmark 10year JGB futures rose 0.12 points to 151.19.

Reporting by Tokyo markets team; editing by Uttaresh.V

Source Reuters

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