JGBs gain after solid 10-year debt auction

Credit: REUTERS/THOMAS WHITE

Most Japanese government bond prices rose on Tuesday as a successful 10-year debt sale offset a rally in Tokyo equities.

TOKYO, Aug 4 (Reuters) - Most Japanese government bond prices rose on Tuesday as a successful 10-year debt sale offset a rally in Tokyo equities.

The bid-to-cover ratio, a gauge of demand, at the 2.6 trillion yen ($24.51 billion) 10-year debt sale was at 3.64, little changed from the previous auction's 3.66.

Following the auction result, benchmark 10-year JGB futures 2JGBv1 added 0.15 point to 152.37, with a trading volume of 23,299 lots, while the 10-year JGB yield JP10YTN=JBTC fell 1 basis point to 0.010%.

The 20-year JGB yield JP20YTN=JBTC edged down half a basis point to 0.390%.

The 30-year JGB yield JP30YTN=JBTC was unchanged at 0.550%.

At the shorter end of the curve, the two-year JGB yield JP2YTN=JBTC stood flat at minus 0.140%, while the five-year yield JP5YTN=JBTC lost 1 basis point to minus 0.125%.

($1 = 106.0600 yen)

(Reporting by Tokyo Markets Team; Editing by Aditya Soni)

((eimi.yamamitsu@thomsonreuters.com;))

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Reuters

Reuters, the news and media division of Thomson Reuters, is the world’s largest international multimedia news provider reaching more than one billion people every day. Reuters provides trusted business, financial, national, and international news to professionals via Thomson Reuters desktops, the world's media organizations, and directly to consumers at Reuters.com and via Reuters TV.

Learn More