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JGBs flat to weaker, firmer stocks push up 30-year yields to 2-month high

TOKYO: Japanese government bonds were steady to slightly weaker on Wednesday, with yields on long-dated bonds up slightly on the back of strength in domestic stock markets.

The 20-year JGB yield rose 1 basis point to 0.455%, its highest level in nearly three weeks. The 30-year JGB yield rose 1 basis point to 0.690%, a high last seen in early April.

But shorter maturities were flat with the 10-year yield unchanged at 0.075%, a day after there was no trade in benchmark 10-year bonds for the first time in almost a year.

Benchmark 10-year JGB futures fell 0.01 point to 151.47, in thin trading volume of 14,823 lots.

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