Long-dated JGBs rise, taking cue from U.S. Treasuries

TOKYO, April 16 () - Long-dated Japanese government bond prices broadly rose on Tuesday, tracking firm U.S. Treasuries and with the maturities lifted after a 20-year debt auction drew strong demand.

The 20-year yield slipped half a basis points to 0.365 percent.

The 30-year yield was flat at 0.540 percent and the 40-year yield shed one basis point, to 0.545 percent.

The bid-to-cover ratio, a gauge of demand, rose to 5.10 from 4.84 at the previous sale in March.

The benchmark 10-year JGB yield edged up half a basis point to minus 0.030 percent.

Ten-year JGB futures dipped 0.15 point to 152.50, with a trading volume of 38,622 lots shortly before the end of the trading session.

U.S. long-dated Treasury yields slipped from four-week highs on Monday, ahead of U.S. data that will give some guidance on whether the world's largest economy could slip into recession in the near future.

($1 = 111.93 yen)

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

More Related Articles

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