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Japan's 10-year yields hit near 5-month low on weak auction demand

From financialpost.com

Japan’s 10-year government bond yields fell to near a five-month low on Tuesday, as investors witnessed weaker demand at an auction for bonds with the same maturity.The 10-year JGB yield fell to 0.165%, its lowest since March 9, before rising to 0.170%. The auction received bids worth 3.02 times the amount available, significantly lower than a bid-cover ratio of 5.05 at the previous auction. “The outcome was weak. The level of yields was low from the beginning. And the yields fell further in early trade,” said a market participant at a domestic brokerage. “That made investors cautious.” Benchmark 10-year JGB futures ... (full story)

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  • Category: Fundamental Analysis