Japan's 10-year bond yield falls after solid 30-year note auction
- A government auction of 30-year notes received bids worth three times the securities sold
TOKYO: Japan's 10-year government bond (JGB) yield fell on Tuesday after a moderately solid outcome of an auction for 30-year notes.
The 10-year JGB yield fell 0.5 basis point to 0.035%, while 10-year JGB futures rose 0.1 point to 151.98, with a trading volume of 30,527 lots.
Earlier on Tuesday, a government auction of 30-year notes received bids worth three times the securities sold, almost the same bid-cover ratio of 3.07 times at the previous auction.
The 20-year JGB yield was unchanged at 0.420% and the 40-year JGB yield was also flat at 0.735%.
JGB yields track US Treasury yields, domestic equities higher
The 30-year JGB yield remained at 0.655% as bonds were untraded. The five-year bonds were not traded either and their yield stayed at minus 0.100%.
The two-year JGB yield was unchanged at minus 0.125%.
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