JGBs sag on strong U.S. equity futures, profit-taking

30 May, 2019

The benchmark 10-year JGB yield gained 1.0 basis point to minus 0.085%.

The 20-year yield and the 30-year yield  rose 1.5 basis point, to 0.315% and 0.480%, respectively.

In the previous session, the 20-year yield had slipped to its lowest since August 2016, while the 30-year yield had hit its lowest since November that year.

Ten-year JGB futures closed down 0.12 point at 153.02, with a trading volume of 29,606 lots.

Thursday's 2 trillion yen ($18.23 billion) two-year JGB auction attracted solid demand.

The bid-to-cover ratio, a gauge of demand, rose to 5.44 from 5.04 in the previous auction last month.

E-Mini equity futures for the S&P 500 were last up 0.3%, pointing to a modest rebound in U.S. stocks after the previous day's drop.

Copyright Reuters, 2019
 

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