Short-dated JGB yields fall after strong 5-year note auction

By Reuters12 days ago

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TOKYO, April 8 (Reuters) - Yields on shorter-dated Japanese government bonds fell on Thursday after an auction of five-year notes drew strong demand, easing concerns about investor appetite for new debt.

The finance ministry's auction drew bids worth 4.55 times the amount of debt sold, higher than the bid-cover ratio of 3.25 at the previous auction of five-year debt last month.

Benchmark 10-year JGB futures 2JGBv1 rose 0.03 point to 151.31, with a trading volume of 12,927 lots.

The 10-year JGB yield JP10YTN=JBTC was flat at 0.095%. The 20-year JGB yield JP20YTN=JBTC rose 0.5 basis point to 0.460%.

The 30-year JGB yield JP30YTN=JBTC was unchanged at 0.650%.

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