HALISTER1: JGBs Rise on Strong 5-Year Auction, Outlook for BOJ Easing: UBS

JGBs Rise on Strong 5-Year Auction, Outlook for BOJ Easing: UBS

(Bloomberg) -- JGBs gain as outcome of Japan’s auction of 5-year govt notes was “strong,” says Yusuke Ikawa, salesperson at UBS Knowledge Network, in an interview.
  • Investor demand emerged for Japanese debt with tenors up to 5 years as collateral: Tokyo-based Ikawa; NOTE: 5-year bond auction draws strongest demand in 15 months
  • WSJ’s report on Kuroda’s comments over prospective easing by BOJ also contributed to strong performance of super-long JGBs: Ikawa; NOTE: BOJ’s Kuroda says central bank won’t hesitate to act to lift inflation: WSJ
  • Yield on 30-year govt bonds falls 3,5 bps to fresh record low of 0.335%; 10-year yield declines 0.5 bp to -0.125% and 5-year yield drops 1 bp to -0.240%
Alert: HALISTER1
Source: BFW (Bloomberg First Word)

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Yusuke Ikawa (UBS Asset Management Japan Ltd)

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