HALISTER1: JGBs Fall on Position Adjustment Ahead of Auctions, DIAM Says

JGBs Fall on Position Adjustment Ahead of Auctions, DIAM Says

(Bloomberg) -- JGBs decline across curve, with 2-year yield rising 2 bps to -0.145%, 10-year yield gaining 1 bp to 0.090% and 30-year yield advancing 1.5 bps to 1.160%.
  • “There’s position adjustment-related selling,” says Nobuto Yamazaki, Tokyo-based executive fund manager at DIAM, in an interview; “Markets are focusing on 20-year auction tomorrow and 5-year sale on Feb. 18”
  • Adds result of BOJ’s debt purchases in 5- to 10-year tenors was “strong,” although outcome of its buying in shorter- dated sectors was “somewhat weak”
  • NOTE: Click here for historical result of BOJ’s bond purchase
Alert: HALISTER1
Source: BFW (Bloomberg First Word)

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Nobuto Yamazaki (DIAM Co Ltd)

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