JGBs Rise, Buoyed by Gains in Most U.S. Treasurys, Yen Strength
Dow Jones
8 hours ago
0007 GMT - JGBs rise in price terms in early Tokyo trade, buoyed by overnight gains across most U.S. Treasurys and the yen's strength. JGBs and Treasurys tend to move in tandem, while yen appreciation typically lowers import prices in Japan, easing pressure on consumer prices. Today's focus is likely to be on Japanese Finance Ministry's auction of about 600 billion yen of 30-year JGBs. "While high volatility in the near term cannot be ruled out, yields in the super-long sector look sufficiently high," Citi Research's Tomohisa Fujiki says in a note. With expectations for demand from pension funds, the auction will likely go smoothly, the rates strategist adds. The 30-year JGB yield falls 7 bps to 4.095%.
At the request of the copyright holder, you need to log in to view this content
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.