May 19, 2014 / 3:55 AM / 3 years ago

JGB prices dip ahead of 20-year auction

TOKYO, May 19 (IFR) - Japanese government bond prices dipped slightly on Monday as the market geared up for new supply of superlong maturities, while a rise in U.S. Treasury yields on Friday also weighed on JGBs.

The Ministry of Finance will auction 1.2 trillion yen ($11.8 billion) of 20-year JGBs on Tuesday.

The June 10-year JGB futures contract fell 0.05 point to 145.23.

The benchmark 10-year JGB yield rose 0.5 basis point to 0.585 percent.

A break below 0.570 percent would take the 10-year yield to a one-year low. The yield, already under sustained downward pressure from the Bank of Japan's aggressive monetary easing, has fallen 3.5 basis points so far this month, in line with a recent fall in government bond yields globally. ($1 = 101.4600 Japanese yen) (Reporting by Masatsugu Hisatsune; Editing by Eric Meijer)

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below