June 27, 2018 / 4:53 AM / 21 days ago

JGBs flat; lukewarm demand for new bonds neutralises risk aversion bids

TOKYO, June 27 (Reuters) - Japanese government bond prices were flat across the board on Wednesday, with support from risk aversion in broader markets neutralised by lukewarm demand for fresh supply in the longer-dated maturities.

The five-year and 10-year JGB yields were unchanged at minus 0.115 percent and 0.030 percent, respectively. The 40-year yield was also flat, at 0.865 percent.

Tuesday’s 1 trillion yen ($9.10 billion) 20-year JGB auction saw weak investor demand due to their relatively low yields.

Japan’s Nikkei was down for the second session on Wednesday as lingering concerns over a row between the United States and its trading partners curbed risk appetite. ($1 = 109.9500 yen) (Reporting by the Tokyo markets team; Editing by Sunil Nair)

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