JGB Yields Unchanged after Weak Auction of 5Year Notes


TOKYO, May 19 Reuters Yields on most Japanese government bonds JGBs were unchanged after an auction of fiveyear notes disappointed investors, while yields for fiveyear bonds rose.

The lowest price accepted at the finance ministrys auction of fiveyear bonds was lower than market expectation, while the bid cover ratio was 3.3 times, lower than 4.55 times for the previous auction.

The fiveyear yield rose 0.5 basis point to minus 0.095.

The 10year JGB yield was unchanged at 0.075.

The 20year JGB yield was flat at 0.440.

The 30year JGB yield was flat at 0.655.

The twoyear JGB yield was unchanged at minus 0.130.

The 40year JGB yield was flat at 0.705.

Benchmark 10year JGB futures rose 0.02 point to 151.43, with a trading volume of 13,272 lots.

Reporting by Tokyo markets team

Source Reuters


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