JGB yields edge up ahead of series of auctions
TLT•Japanese government bond yields edged up as investors awaited auctions in the coming weeks. The 20-year yield rose 2 basis points to 3.63%, while the 30-year yield gained 4 basis points to 3.875%; the 10-year yield was unchanged at 2.77%.
1. Yields and auctions
Japanese government bond yields edged up on Monday as investors awaited a series of auctions in the coming weeks. The 10-year yield was unchanged at 2.77%, after reaching 2.785% earlier in the session. The 20-year yield rose 2 basis points to 3.63%, and the 30-year yield rose 4 basis points to 3.875%.
2. Global yield outlook
The Ministry of Finance will hold a 10-year bond auction on Thursday, followed by a 30-year auction on November 10 and a five-year bond sale on November 12. Nissay Asset Management’s Eiichiro Miura said global yields may pause their recent declines, noting that hyperscalers had shown no signs of slowing investment. He said debt financing by AI firms had widened corporate bond spreads, pressuring sovereign bond yields, while a sell-off in AI shares had recently driven demand for safe-haven bonds.
