Reuters logo
JGBs soft as Japanese stocks, U.S. Treasuries yields rise
May 20, 2014 / 5:12 AM / 4 years ago

JGBs soft as Japanese stocks, U.S. Treasuries yields rise

TOKYO, May 20 (IFR) - Japanese government bond prices were slightly weaker on Tuesday on a rise in domestic share prices and U.S. bond yields overnight, and after a 20-year JGB auction drew tepid demand.

The 10-year JGB yield rose 0.5 basis point to 0.590 percent while the 30-year JGB yield rose 1.0 basis point to 1.695 percent. The 10-year JGB futures price dipped 0.02 point to 145.23.

The Nikkei share average rose 0.5 percent while the 10-year U.S. Treasuries yield rose on profit-taking to 2.55 percent from 2.52 percent at the end of last week.

The auction of 1.2 trillion yen ($11.86 billion) reopened 20-year JGBs produced the lowest price of 100.60, near the low end of market expectations. The bid-to-cover was 3.56, below 3.99 at the previous auction.

$1 = 101.1700 Japanese Yen Reporting by Masatsugu Hisatsune; Editing by Richard Borsuk

Our Standards:The Thomson Reuters Trust Principles.
0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below