JGB yields track U.S. long-dated bond yields lower

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TOKYO, Oct 14 (Businesshala) – Japanese government bond yields fell on Thursday, lowering long-standing US Treasury yields, while investors did not react to weak demand for a five-year domestic note auction. Gave.

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The 10-year JGB yield fell 0.5 basis points to 0.080%. The 20-year JGB yield fell by 1 basis point to 0.455%.

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The government auction for the five-year notes fetched 3.86 times the bid amount, which was lower than the bid-cover-ratio of 4.42 times in the previous auction. Overnight, yields on 10-year US Treasury notes fell after consumer price data raised further concerns that inflation would continue to climb and forced the Federal Reserve to act.

In Japan, the 30-year JGB yield fell 0.5 basis points to 0.685%, while the 40-year JGB yield fell 1 basis point to 0.755%.

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The two-year JGB yield remained unchanged at minus 0.120 per cent.

The five-year yield fell 0.5 basis points to minus 0.085%.

The benchmark 10-year JGB futures rose 0.14 points to 151.39 with trading volume of 19,924 lots. (Reporting by Tokyo Markets team; Editing by Krishna Chandra Eluri)

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