Super-long JGB yields rise from 3-week lows ahead of 40-year bond auction
TOKYO (Reuters) -Long-dated Japanese government bond yields climbed off three-week lows on Wednesday, with investors closely monitoring a 40-year bond auction for indications of a recovery in demand. The 40-year JGB yield rose 3.5 basis points (bps) to 3.32% by 0200 GMT, rebounding from a sharp 26.5 bps decline to 3.285% - its lowest level since May 7 - after Reuters reported that the finance ministry is considering trimming the issuance of super-long debt in response to a recent surge in yields. The 30-year JGB yield climbed 5 bps to 2.88% and the 20-year yield bounced 4.5 bps to 2.45%, after tumbling to approximately three-week troughs in the prior session.
Reuters
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30 minutes ago
