Global Market: JGB yields fall as 30-year bond yield retreats from record high
5 Articles
5 Articles
The Economic Times
Times of IndiaGlobal Market: JGB yields fall as 30-year bond yield retreats from record high
Japanese government bond yields declined, with the 30-year yield easing from a record high, as investors awaited a closely watched debt auction and assessed the Bank of Japans tightening path. The 10-year yield fell to 3.08%, while global bond yields also softened. Markets increasingly expect a December BOJ rate hike.
Japan ' s government bond auction for 30 strong investor applications exceeded the average of the past 12 months, supported by a marked rise in returns touching 4.218 during the session. Bonds (times) of return (%) change (base point) 1.938 (1.5) bonds (10 years) 3.088 (2.5) bonds (30 years) 4.189 (2.9). The coverage rate (demand volume compared to offers) [...] increased returns supporting demand for Japanese bonds for 30 years written in …
The Japanese government places 599.6 billion yen in long-term bonds while the increase in funding threatens to raise the bill for one of the world's largest public debts.
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