Most Read JGB yields rebound from multi-month lows after 5-yr auction sees weak demand SYDNEY, Japanese government bond (JGB) yields rebounded on Tuesday from a sharp drop the previous session after an auction of 1.9 trillion yen ($18.2 billion) worth of 5-year debt attracted tepid demand.Benchmark 10-year JGB futures dropped 0.93 point to 154.39, marking the largest daily fall since July 2016.The 10-year cash JGB yield rose 7 basis points to minus 0.085%, having hit a 5-month low of minus 0.2% on Monday.At the shorter end of the market, the 5-year yield rose 9 basis points to minus 0.215% following weak demand at the 5-year bond auction.The auction’s tail, or the gap between the lowest and average prices, was 0.18, the largest of all past 5-year JGB auctions.
In the superlong zone, the 20-year yield gained 5.5 basis points to 0.200%, while the 30-year yield added 3.5 basis points to 0.290%.($1 = 104.4600 yen) (Reporting by Tokyo Markets Team; Editing by Emelia Sithole-Matarise) 2020-03-10 11:14:24
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