Long-dated JGB yields dip on stabilising US Treasuries, BOJ buying
- The BOJ's buying of five- to ten-year JGBs on Wednesday saw limited selling from market players, helping to warm up market sentiment.
TOKYO: Long-dated Japanese government bond (JGB) yields dipped on Wednesday, supported by signs of stabilisation in US bonds and strong results of the Bank of Japan's buying in long-term JGBs.
Benchmark 10-year JGB futures rose 0.07 point to 151.95, rising for a third day in a row, in line with recovery in US Treasuries prices this week. Treasuries fell sharply last week under the weight of record supply.
The 10-year JGB yield fell 0.5 basis point to 0.030pc.
The BOJ's buying of five- to ten-year JGBs on Wednesday saw limited selling from market players, helping to warm up market sentiment.
The 20-year JGB yield fell 1 basis point to 0.415pc while the 30-year yield fell 1.5 basis points to 0.600pc.
At the shorter end, yields were little changed, with yields on two-year JGBs and five-year bonds both flat at minus 0.125pc and minus 0.090pc, respectively.
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