TOKYO: Japan's benchmark 10-year government bond yields fell on Tuesday, tracking U.S. Treasury yields, while a domestic 20-year notes auction received its lowest book-cover ratio in six years.
The 10-year JGB yield fell 0.5 basis point to 0.085pc, while the 20-JGB yield was unchanged at 0.470pc.
The auction for 20-year bonds received bids worth 2.69 times the amount sold, the lowest bid-cover ratio since 2015. The previous sale for a bond with the same maturity saw a bid-cover ratio of 3.2 times.
U.S. Treasury yields also edged lower in Asia, particularly in the middle of the curve.
Japan's 10-year bond yields rise to 4-month high
The 30-year JGB yield fell 0.5 basis point to 0.690pc, while the 40-year JGBs were untraded and the yield stayed at 0.765pc.
Both the two-year JGB yield and the five-year yield were unchanged at minus 0.120pc and minus 0.075pc, respectively.
Benchmark 10-year JGB futures rose 0.06 point to 151.34, with a trading volume of 18,100 lots.
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