• Benchmark 10-year JGB futures gained 0.01 point to 152.34, with a trading volume of 10,235 lots, while the 10-year JGB yield stood flat at 0.000pc.
• The bid-to-cover ratio, a gauge of demand, for 500 billion yen 40-year JGB sale by the Ministry of Finance on Tuesday increased to 3.06 from 2.66 at the previous auction in March.

Prime Minister Shinzo Abe said that the total amount of stimulus from two economic packages would exceed 200 trillion yen ($1.85 trillion). The government is expected to approve the budget on Wednesday.

Benchmark 10-year JGB futures gained 0.01 point to 152.34, with a trading volume of 10,235 lots, while the 10-year JGB yield stood flat at 0.000pc.

The bid-to-cover ratio, a gauge of demand, for 500 billion yen 40-year JGB sale by the Ministry of Finance on Tuesday increased to 3.06 from 2.66 at the previous auction in March.

The 40-year JGB yield rose 1 basis point to 0.500pc, its highest since April 17.

Elsewhere in the superlong zone, the 30-year JGB yield rose half a basis point to 0.480pc, while the 20-year JGB yield was unchanged at 0.340pc.

At the shorter end of the market, the two-year JGB yield gained 1 basis point to minus 0.165pc while the five-year yield stood flat at minus 0.135pc.