From Yahoo Finance: 2025-06-05 07:40:00

Japan’s 30-year government bond prices rose after a weak auction, pushing the bid-to-cover ratio to 2.921, the lowest since December 2023. Investors bought the bonds as they saw them as cheap, with hopes that the finance ministry may reduce the issuance of super-long bonds. Yields fell, with the 30-year JGB yield dropping to 2.885%.

The finance ministry may cut super-long bond sales in July, following a meeting with primary dealers. Expectations rose after reports of the potential reduction. Yields fell across tenors, with the 10-year JGB yield down to 1.46%, the five-year yield at 1.005%, and the 20-year yield at 2.355%. Investors rushed to cover short positions as prices rose.



Read more at Yahoo Finance: Japan’s 30-year bonds rise as weak auction adds to pressure to curtail issuance