Economic news

Longer-dated JGBs follow U.S. Treasuries lower

On Thursday rates of longer-dated JGBs plunged, following an overnight recover by their U.S. fellows, even though the market was bound to a tight range in front of a national bankers' appointment at Jackson Hole this end of the week.

japanPhoto: Flickr

The 30-year JGB yield climbed half a bp to 0.185 percent and the 20-year yield poked up half a bp to 0.085 percent.

A sell-off intended to furnish the market with additional liquidity pulled in sufficient interest on Thursday.

The bid-to-cover ratio, a measure of interest, at the so-called liquidity upgrading sell-off gained to 2.87 from 2.77 at the past deal.

The FinMin put forward 600 billion yen ($5.64 billion) of Japanese government bonds with outstanding maturities of five to 15.5 years at Thursday's sell-off.


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