Japan bond yields hold near multi-decade highs after 40-year auction
The benchmark 10-year yield rose 0.5 bp to 3.090% after Japan sold about 300 bln yen of 40-year JGBs; bid-to-cover rose to 3.1.
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The benchmark 10-year yield rose 0.5 bp to 3.090% after Japan sold about 300 bln yen of 40-year JGBs; bid-to-cover rose to 3.1.
By Rocky SwiftJapanese government bond (JGB) yields held near multi-decade highs on Tuesday as inflation pressures mounted, gaining little relief from a strong auction of super-long-term debt.Here are a few details:($1 = 157.4300 yen)