JGBs Edges Higher after Auction Draws Strong Demand

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TOKYO, April 13 Reuters Japanese government bonds ticked up on Tuesday, after a reoffering of existing longdated bonds attracted strong appetite, offsetting worries about further rise in U.S. debt yields.

The 10year JGB yield fell 0.5 basis point to 0.100.

The 20year JGB yield fell 1 basis point to 0.470 while the 30year yield dropped 1 basis point to 0.670.

The liquidityenhancing auction of existing JGBs with 15.5 to 39 years to maturity on Tuesday attracted strong bids, underpinning the market.

Benchmark 10year JGB futures ended up 0.01 point at 151.23, reversing earlier falls.

Investors remain wary of further rise in global bond yields on concerns about rising inflation ahead of U.S. consumer price data due later in the day.

At the shorter end, the twoyear JGB yield fell 0.5 basis point to minus 0.135 while the fiveyear yield was flat at minus 0.095.

Reporting by Tokyo Markets Team; Editing by Rashmi Aich

Source Reuters

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