Japanese government bonds rose on Wednesday. The benchmark 10-year yield fell 3 basis points to minus 0.055%, while September 10-year futures ended up 0.30 point at 151.48, Reuters reported. Longer maturities outperformed, with the 30-year JGB yield skidding 7 basis points to 0.420% and the 20-year yield shedding 5 basis points to 0.360%. The 30-year yield had risen as high as 0.545% on Monday, its highest level since late March, as investors feared that the Bank of Japan might disappoint at its next policy meeting on Sept. 20-21 when it will conduct a comprehensive review of the impact of its massive stimulus program.
