Japan's 20-year bond yield falls sharply after strong auction
TOKYO: Japan’s 20-year government bond yield fell sharply on Tuesday after a strong auction for the bonds with the same maturity lifted sentiment. The 20-year JGB yield fell as much as 6 basis points (bps) to 3.71%, its lowest level since September 9, after t...
TOKYO: Japan’s 20-year government bond yield fell sharply on Tuesday after a strong auction for the bonds with the same maturity lifted sentiment. The 20-year JGB yield fell as much as 6 basis points (bps) to 3.71%, its lowest level since September 9, after the auction outcome was announced. Yields move inversely to bond prices. The auction received bids worth 5.84 times the amount sold, higher than a ratio of 4.01...