Economic news

JGB yields gain after tepid demand for 20-year note auction

TOKYO, Sept 16 (Reuters) - Japanese government bond yields rose on Thursday after an auction for 20-year notes received tepid demand, while overnight gains in U.S. Treasury yields weighed on sentiment.

The 10-year JGB yield rose 1 basis point to 0.040%, while the 20-year JGB yield climbed 0.5 basis point to 0.420%.

Earlier in the day, the government auction for 20-year notes received bids worth 3.2 times the amount sold, lower than a bid-cover-ratio of 3.65 times at the previous auction.

The 30-year JGB yield also rose 0.5 basis point to 0.650%, but the 40-year JGB yield was flat at 0.720%.

Shorter-term note yields also rose, with the two-year JGB yield gaining 0.5 basis point to minus 0.130% and the five-year yield rising 0.5 basis point to minus 0.105%.

Benchmark 10-year JGB futures fell 0.08 point to 151.78, with a trading volume of 24,292 lots.

(Reporting by Tokyo markets team; Editing by Sherry Jacob-Phillips)

Source: Reuters

To leave a comment you must or Join us

More news

Back to economic news list

By visiting our website and services, you agree to the conditions of use of cookies. Learn more
I agree