TOKYO, Nov 11 (Businesshala) – Japanese government bond yields rose on Thursday as investors showed little reaction to the positive outcome of the liquidity auction.
The 10-year JGB yield rose one basis point to 0.065% and the 20-year JGB yield also rose one basis point to 0.460%.
Earlier in the day, Liquidity Auctions received bids worth 3.17 times the available amount, lower than the bid-cover ratio of 3.94 times in the previous auction.
Still, one market participant said demand was solid as investors held maturities out of their portfolios.
The 30-year JGB yield rose 1.5 basis points to 0.680% and the 40-year JGB yield rose one basis point to 0.715%.
The two- and five-year bonds were not traded and the two-year JGB yield remained at minus 0.120 per cent and the five-year yield at minus 0.095% as both maturities were not traded.
Benchmark 10-year JGB futures fell 0.13 points to 151.79, with a business turnover of 17,230 lots. (Reporting by Tokyo Markets team)