JGB Yields Rise After Rising US Treasury Yields, Poor Auction Outcome

TOKYO, Dec. 7 (Reuters) – Yields on Japanese government bonds rose on Tuesday, following rising U.S. Treasury yields, while a weak result in a 30-year national bond auction hurt the market. appetite of inventors.

The 10-year JGB yield rose two basis points to 0.055% and the 20-year JGB yield rose 1.5 basis points to 0.460%.

U.S. Treasury yields rose overnight, with the 10-year benchmark rising above 1.4% after hitting its lowest level since late September on Friday following the November job.

A Japanese government auction of 30-year notes on Tuesday received a request worth 3.21 times the amount sold, below the bid-to-cover ratio of 3.45 times at the previous auction.

Longer-term yields rose as well, with the 30-year JGB yield gaining one basis point to 0.670% and the 40-year JGB yield rising 0.5 basis point to 0.705%.

The two-year JGB yield was unchanged at minus 0.120% as the bonds weren’t traded, while the five-year yield rose one basis point to minus 0.095%.

Benchmark 10-year JGB futures fell 0.22 points to 152.03, with volume traded at 19,972 lots.

Reporting by the Tokyo markets team; Editing by Devika Syamnath

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