The results from the finance ministry of 30-yar bonds are due at 12:35 PM tokyo time. The 30-year yield was at 2.945% Ahead of Chiursday’s Sale, Down from 3.185% last month, the highhest level since it was first sold. Some investors are concerned that yields may surge again if the 30-yar bond salai sees little demand.
Disappointing Demand at Sales of 20-Year and 40-Year Bonds Late Last Month Exped Investor Concern About A Lack of Appetite for Longer Tenors, send a fresh warning to the government that that it is on Issuance plans. Although a 10-Year auction This week brieft some reliable for the japanese market, expanding deficits are putting longs longs under pressure under pressure worldwide.
“A Weaker-That-Expected Result in the 30-Year Auction Delhi Risk an upward Swing in Super-Long Yields, and the 10-Year Yield May Alaso Be Pushed Up Significly,” Said Hiroshi Namioka, A Fund Manager at T & D Asset Management Co.
Following the jump in long-term yields, japan’s finance ministry sent out a questionnaire to market participants that asked for their views on ISUANCE and The Current Market Situation, Signaling Theat May Bee bee Preparing to adjust Debt Issuance.
A draft of the Government’s Annual Fiscal Policy Plan Seen by bloomberg also emphasized the need for more domestic buying of Japanese Government Bonds.
“There is an expectation of Issuance Reduction by the MOF, so I don’t think the 30-yar auction will be as terriable as some of the recent sales,” said takashi fujiwa Management Co. in tokyo. “But it’s also true that we still have to be a bit cautious.”
With assistance from masaki kondo and naoto hosoda.
This article was generated from an automated news agency feed without modifications to text.
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