World Economy

JGBs Edge Down

JGBs Edge DownJGBs Edge Down

Japanese government bonds edged down slightly on Monday, with the 30-year zone still feeling the effects of lackluster results at an auction last week, Reuters reported. The Bank of Japan refrained from purchases under its asset buying operations. The benchmark 10-year JGB yield rose a half basis point to minus 0.110%, while the 10-year JGB futures contract ended nearly flat, up 0.02 point at 151.95. The 5-year JGB yield also rose half basis point to minus 0.230%. On Tuesday, Japan’s Ministry of Finance will auction 2.4 trillion yen ($22.07 billion) of 5-year JGBs.