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Wall Street Journal
5 days ago
- Business
- Wall Street Journal
JGBs Edge Lower, Tracking Declines in U.S. Treasurys
0007 GMT — JGBs edge lower in the morning Tokyo session, tracking overnight price declines in U.S. Treasurys. JGBs and Treasurys tend to move in tandem. Market participants may also be wary over the Japanese finance ministry's auction today of 2.6 trillion yen of 10-year JGBs. 'We expect lackluster results,' two members of Barclays FICC Research say in a note. Long-term supply-demand is a headwind and risk-adjusted six-month carry rolldown lacks appeal owing to high volatility, they say. The JGB 10-year yield is up 1 bp at 1.515%. (
Wall Street Journal
28-05-2025
- Business
- Wall Street Journal
JGBs Edge Lower Amid Fears of Poor 40-Year Auction
0003 GMT — JGBs edge lower in price terms in the morning Tokyo session amid fears of a poor 40-year auction today. The auction's outcome is likely to be lackluster on elevated volatility owing to weak supply-demand and unattractive risk-adjusted six-month carry and roll-down, two members of Barclays' FICC Research say in a research report. However, there might be potential for decent or better auction outcome on possible short-term demand from pension funds, they add. Japan's finance ministry is scheduled to auction 500 billion yen of 40-year government bonds today. The two-year JGB yield is up 0.5 bp at 0.735%. (
Wall Street Journal
16-05-2025
- Business
- Wall Street Journal
JGBs Mixed; Market May Track Declines in U.S. Treasury Yields
0038 GMT — JGBs are mixed in the early Tokyo session, but the market may track overnight declines in U.S. Treasury yields. Investors may also still be digesting Japan's sovereign debt auctions that were held this week. Tuesday's 30-year JGB auction cleared smoothly, but Thursday's five-year auction produced a somewhat lackluster outcome, two members of Barclays' FICC Research team say in a research report. The results of the 20-year auction next Tuesday will be a test of the sector's supply-demand structure, the members add. The 10-year JGB yield is down 1 bp at 1.465%; the 30-year yield is up 3 bps at 2.985%. (
Wall Street Journal
13-05-2025
- Business
- Wall Street Journal
JGBs Slide, Tracking Selloff in U.S. Treasurys
0024 GMT — JGBs slide in the morning Tokyo session, tracking overnight price selloff in U.S. Treasurys. Also, today's auction by Japan's Finance Ministry of 800 billion yen in 30-year sovereign debt may produce lackluster results, two members of Barclays' FICC Research say in a research report. While the absolute level of 30-year yields has risen and stays elevated, this 'looks less attractive than in other sectors when viewed in terms of risk-adjusted carry-rolldown,' the members say. The 10-year JGB yield jumps 6.5bps to 1.450% after earlier touching 1.465%, the highest intraday level since April 2. (
