Latest news with #JapaneseBonds
Zawya
3 days ago
- Business
- Zawya
Japanese government bond yields retreat after strong 10-year note auction
TOKYO - Yields on 10-year Japanese government bonds sank on Tuesday, reversing an earlier rise, after results of an auction of the securities saw the highest demand since April last year. The 10-year yield dropped 3 basis points (bps) to 1.475%, as of 0349 GMT, following an earlier rise of as much as 1.5 bps as Japanese yields initially tracked a rise among U.S. peers from overnight. Benchmark 10-year JGB futures rose 0.15 yen to 139.17 yen. Two-year JGB yields slipped 0.5 bp to 0.745%. Other tenors had yet to trade following the announcement of the auction results at 0335 GMT. Mizuho's chief desk strategist, Shoki Omori, called the result "a remarkably robust outcome ... that likely caught most observers off guard." The bid-to-cover ratio, a measure of demand that gauges the number of bids against the amount of securities on offer, rose to 3.663 from 2.544 at the prior sale in May. At the auction last April, the ratio was 3.799. (Reporting by Kevin Buckland; Editing by Sonia Cheema)
Wall Street Journal
28-05-2025
- Business
- Wall Street Journal
Japan's Auction of 40-Year Bonds Shows Weak Demand Amid Rise in Superlong Yields
TOKYO–An auction of 40-year Japanese government bonds drew the weakest demand in nearly a year, indicating that investors have become cautious amid a recent rise in superlong bond yields. The government on Wednesday sold about 500 billion yen, equivalent to $3.46 billion, of 40-year bonds yielding 3.135%.
CNA
28-05-2025
- Business
- CNA
Demand at 40-year JGB auction sinks to lowest since July
(Corrects milestone to July from November in headline and first paragraph) By Kevin Buckland TOKYO :Demand at an auction of 40-year Japanese government bonds on Wednesday fell to the lowest since July, amid a selloff in so-called super-long debt this month. A measure of demand called the bid-to-cover ratio, which gauges total bids against the amount of securities on offer, sank to 2.2 from 2.9 at the previous sale in March. Japan's Ministry of Finance sold about 500 billion yen ($3.46 billion) of the bonds at Wednesday's auction. The 40-year JGB yield spiked to a record 3.675 per cent last week as worries about the debt load in Japan and other developed markets like the United States led to a sell-off in the longest-dated bonds. Super-long JGBs lacked the support of traditional buyers like life insurers and pension funds, who have been scaling back purchases. ($1 = 144.5200 yen)
Reuters
28-05-2025
- Business
- Reuters
Demand at 40-year JGB auction sinks to lowest since July
TOKYO, May 28 (Reuters) - Demand at an auction of 40-year Japanese government bonds on Wednesday fell to the lowest since July, amid a selloff in so-called super-long debt this month. A measure of demand called the bid-to-cover ratio, which gauges total bids against the amount of securities on offer, sank to 2.2 from 2.9 at the previous sale in March. Japan's Ministry of Finance sold about 500 billion yen ($3.46 billion) of the bonds at Wednesday's auction. The 40-year JGB yield spiked to a record 3.675% last week as worries about the debt load in Japan and other developed markets like the United States led to a sell-off in the longest-dated bonds. Super-long JGBs lacked the support of traditional buyers like life insurers and pension funds, who have been scaling back purchases. ($1 = 144.5200 yen)
Bloomberg
27-05-2025
- Business
- Bloomberg
Traders Brace for Japan's 40-Year Bond Sale After Yields Swoon
Investors are on tenterhooks Wednesday for an auction of 40-year Japanese government bonds as volatility in the nation's yields continues to rumble through global debt markets. The sale is seen as a key test for longer-maturity bonds amid concern from Tokyo to New York that rising government spending will take budget deficits into dangerous territory. The challenges in Japan's bond market are amplified by the central bank rolling back its purchases and reluctance of institutional investors to fill the gap.
