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JGB yields fall after well-received 30-year note auction

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TOKYO — Japanese government bond (JGB) yields fell on Thursday, tracking U.S. Treasury peers’ declines, with sentiment underpinned by a well-received auction for 30-year bonds in the previous session.

The 10-year JGB yield fell 0.5 basis point to 0.245% and the 20-year JGB yield fell 0.5 basis point to 1.120%.

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The 30-year JGB yield fell 0.5 basis point to 1.500%.

Benchmark 10-year JGB futures rose 0.23 point to 149.08, with a trading volume of 13,576 lots. The 10-year JGB yield fell 0.5 basis point to 0.245%. The 20-year JGB yield fell 0.5 basis point to 1.120%.

“Firm result of the 30-year note auction has lifted appetite particularly from life insurers,” said Ataru Okumura, strategist at SMBC Nikko Securities.

“But demand is limited as yields fell sharply in the previous session.”

The 30-year JGB yield fell 0.5 basis point to 1.500%, following a decline of 7.5 basis points in the previous session.

The 40-year JGB yield was flat at 1.735%.

The five-year yield fell 0.5 basis point to 0.065%.

The two-year JGBs did not trade and the yield stayed at -0.055%. (Reporting by Junko Fujita; Editing by Rashmi Aich)



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