Demand at Japan's 40-year bond auction sinks
Long-dated Japanese bond yields rose from three-week lows, after demand for Japanese long-term debt fell to its lowest since July. A weak showing at today's 40-year bond auction has sent yields up across various tenors. Bank of Japan governor Kazuo Ueda informed parliament this morning that they are closely monitoring long-term yields, as these can also influence short-term yields. Global investors will be watching for the central bank meeting next month where it's expected to discuss changes to its tapering of debt purchases. Roland Lim reports.
Long-dated Japanese bond yields rose from three-week lows, after demand for Japanese long-term debt fell to its lowest since July. A weak showing at today's 40-year bond auction has sent yields up across various tenors. Bank of Japan governor Kazuo Ueda informed parliament this morning that they are closely monitoring long-term yields, as these can also influence short-term yields. Global investors will be watching for the central bank meeting next month where it's expected to discuss changes to its tapering of debt purchases. Roland Lim reports.
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