HALISTER1: Japan 40-Yr Bonds Surge on Small Volume in Thin Liquidity: BNP

Japan 40-Yr Bonds Surge on Small Volume in Thin Liquidity: BNP

(Bloomberg) -- Japan’s 40-year govt bonds are surging on very small trading volume in thin liquidity, as there aren’t many sellers of these securities, says Tomohisa Fujiki, chief rates strategist at BNP Paribas, in an interview.
  • Sees risk that market participants will seek to sell less amount of super-long debt than BOJ’s offer to buy them from secondary market at two remaining operations expected for this sector for rest of March
  • JGB 40-year yield down 20 bps to record 0.445%; 30-year yield down 12.5 bps to 0.425% after earlier touching all- time low of 0.415%
Alert: HALISTER1
Source: BFW (Bloomberg First Word)

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Tomohisa Fujiki (BNP Paribas SA)

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