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Business & Economics

Japan's super-long bond yields plunge on issuance cut speculation

Reuters
Summary
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76% Informative

Yields on super-long Japanese government bonds (JGBs) fell sharply on Tuesday after Reuters reported the country's finance ministry might issue fewer of these bonds.

The 30-year JGB yield fell sharply following the report, dropping 18.5 basis points (bps) to 2.85% The 20-year yield fell 16.5 bps ( 16.5% ) after trading as high as 2.44% .

The 40-year bond yield sank 24 bps to 3.295% , after touching a session high of 3.435% .

VR Score

89

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98

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3

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formal

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English

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34

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short-lived

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