Lates News

Japan's 30-year government bond auction drew stronger demand than the average of the past 12 months, as elevated yields attracted investors. Thursday's auction produced a bid-to-cover ratio of 3.88, above the 3.79 seen at the previous auction and the 12-month average of 3.56. Japanese government bonds traded largely stable after the auction. Global bond markets remain under pressure amid inflation concerns triggered by the U.S.-Iran war and worries over deteriorating fiscal positions across governments. This week, the yield on Japan's 30-year government bonds hit its highest level since issuance. Tuesday's auction of 10-year Japanese government bonds also saw solid demand, with high yields supporting buying. On Wednesday, the rise in long-term U.S. Treasury yields also narrowed, after the 10-year note auction showed that interest rates at multi-decade highs are spurring investors' willingness to buy.