JGBs Little Changed; 20yr Auction sees Subdued Demand


Japanese government bonds JGBs were little changed on Thursday as investors sought more clarity from the U.S. Federal Reserve on its policy, while the 20year yield dipped after an auction of that tenor saw modest demand.

The 10year JGB yield was flat at 0.050.

The yield on 20year JGBs fell 0.5 basis point to 0.420 after the auction of 1.2 trillion yen bonds.

The bidtocover ratio rose to 3.62 from 3.48 in the previous auction while the tail, or the difference between lowest and average prices, shrank to 0.06 from 0.10.

The 30year yield rose 0.5 basis point to 0.665.

At the shorter end, the twoyear JGB yield was flat at minus 0.115, while the fiveyear yield was unchanged at minus 0.100.

Benchmark 10year JGB futures fell 0.03 point to 151.65, with a thin trading volume of 13,540 lots.

1 110.8400 yen

Reporting by Tokyo Markets Team; editing by Uttaresh.V

Source Reuters

US STOCKSTesla Lifts Nasdaq to RecordHigh Close

Previous article

Euro Zone Bond Yields Drift Higher ahead of Ifo, BoE

Next article

You may also like


Leave a reply

Your email address will not be published. Required fields are marked *

More in News