June 19, 2018 / 4:31 AM / 5 months ago

JGBs little changed after good demand at 30-yr bond auction

TOKYO, June 19 (Reuters) - Japanese government bond prices were little changed on Tuesday after an auction of 30-year JGBs saw good demand as expected, while the market showed no reaction to U.S. President Donald Trump’s new tariff threats against China.

The auction of 30-year JGBs attracted bids 4.22 times the offer of 700 billion yen ($6.38 billion), a slightly smaller bid-to-cover than 4.41 at last month’s auction.

Still, the lowest accepted price was in line with market expectations.

The 30-year JGB yield was flat at 0.710 percent.

Ten-year JGB futures rose 0.02 point to 150.79, with trading volume at a meagre 11,892 lots by early afternoon.

The 10-year JGB yield rose 0.5 basis point to 0.035 percent while the 20-year yield rose 0.5 basis point to 0.505 percent. ($1 = 109.69 yen) (Reporting by Tokyo Markets Team; Editing by Sunil Nair)

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