World Economy

JGB Yields at Record Lows

JGB Yields at Record LowsJGB Yields at Record Lows

Japanese government bond yields were near record lows Tuesday, pushed down after the market confirmed robust investor demand at a 10-year debt auction, despite negative yields, CNBC reported. The benchmark 10-year JGB yield was down one basis point at minus 0.075%. A fall below that level would take the yield to a new record low. The 30-year yield touched a fresh all-time low of 0.83%. The bid-to-cover ratio, a gauge of demand, at Tuesday’s ¥2.4 trillion ($21.33 billion) 10-year sale rose to 3.20 from 3.14 at the previous offering in January.