JGBs narrowly mixed, 40-year debt sale sees solid demand

Credit: REUTERS/THOMAS WHITE

TOKYO, July 28 (Reuters) - Japanese government bond prices were narrowly mixed on Tuesday, with ample investor demand seen during the 40-year bond auction.

Benchmark 10-year JGB futures 2JGBv1 eased 0.01 point to 152.3, with a trading volume of 17,152 lots, while the 10-year JGB yield JP10YTN=JBTC gained half a basis point to 0.020%.

The bid-to-cover ratio, a gauge of demand, at Tuesday's 500 billion yen 40-year JGB sale rose to 3.11 from 3.06 at the previous auction in May.

The 40-year JGB yield JP40YTN=JBTC eased 1 basis point to 0.585%.

In the super-long zone, the 20-year JGB yield JP20YTN=JBTC and the 30-year JGB yield JP30YTN=JBTC inched down half a basis point each to 0.405% and 0.565%, respectively.

At the shorter end of the curve, the two-year JGB yield JP2YTN=JBTC stood flat at minus 0.135%, while the five-year yield JP5YTN=JBTC added half a basis point to minus 0.115%.

(Reporting by Tokyo Markets Team; Editing by Rashmi Aich)

((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.

Tags

More Related Articles

Sign up for Smart Investing to get the latest news, strategies and tips to help you invest smarter.