Yesterday at 9:00 AM
Japan's long bond yields hit one-week high ahead of auction
A 40-year bond auction is due to take place this week. Investor fear for the outcome is so big that long Japanese government bonds yields hit a one-week high on Tuesday.
The yield on 20-year bonds rose by 0.5 basis points to 1.07%. This is the highest figure in the last 7 days.
The yield on 30-year bonds reached 1.47%, also the highest in the last 7 days. However, it should be noted that the yields later declined to 1.46%.
Strategist at SMBC Nikko Securities Ataru Okumura stresses that at this point it’s too early to talk about the outcome of the auction since the prospects are unclear.
The yield on the 40-year bond rose by 3 basis points to 1.7%, which is, however, lower than the recent figure of 1.885%.
Recommended
Today at 7:01 AM
Today at 12:33 AM
Yesterday at 1:45 PM
Yesterday at 9:31 AM
Yesterday at 9:31 AM
Top news
20 March
19 March
19 March
19 March