JGB 10-year yields hit two-week high ahead of debt auction

Credit: REUTERS/Thomas White

Yields on 10-year Japanese government bonds on Monday rose to their highest in more than two weeks, ahead of an auction that could determine investor demand for the last month of the year.

By Stanley White

TOKYO, Dec 2 (Reuters) - Yields on 10-year Japanese government bonds on Monday rose to their highest in more than two weeks, ahead of an auction that could determine investor demand for the last month of the year.

Benchmark 10-year JGB futures 2JGBv1 fell 0.33 point to 152.83, with a trading volume of 19,457 lots.

The 10-year JGB yield JP10YTN=JBTC rose 2.5 basis points to minus 0.060%, the highest yield since Nov. 14.

Japan's finance ministry plans to sell new 10-year government bonds on Tuesday, and traders will analyse the results to determine whether investor demand will hold up in December.

The 20-year JGB yield JP20YTN=JBTC rose 1 basis point to 0.260%.

The 30-year JGB yield JP30YTN=JBTC rose 1 basis point to 0.415%.

In the middle of the yield curve, the five-year yield JP5YTN=JBTC rose 1.5 basis points to minus 0.170%.

At the short end, the two-year JGB yield JP2YTN=JBTC rose 1 basis point to minus 0.170%.

(Reporting by the Tokyo markets team, Editing by Sherry Jacob-Phillips)

((stanley.white@tr.com; +81 (0)3 4563 2799; twitter.com/stanleywhite1 ;))

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