TOKYO: Yields on long-ended Japanese government bonds (JGBs) fell on Thursday, with sentiment boosted by a positive outcome from an auction for 30-year bonds.
The 30-year JGB yield fell 0.5 basis point to 1.260% and the 20-year JGB yield fell 0.5 basis point to 0.890%.
The 40-year JGB yield fell 0.5 basis point to 1.385%.
The auction received bids worth 3.25 times the amount available, higher than a bid-cover ratio of 3.11 at the previous auction.
JGB yields dip ahead of 10-year auction
“There was a caution for the auction result but it turned out to be positive for the market,” said a market participant at a domestic brokerage.
The 10-year JGBs did not traded and the yield remained at0.245%.
The two-year JGB yield fell 0.5 basis point to -0.075%, while the five-year yield was flat at 0.005%.
Benchmark 10-year JGB futures rose 0.09 point to 149.46, with a trading volume of 10,887 lots.
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