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Japan bonds pare losses after strong auction, but fiscal worries weigh
TOKYO: Japanese government bonds pared early losses on Tuesday after a strong auction of 10-year notes, although worries about Prime Minister Sanae Takaichi’s expansionary fiscal policies and contagion from a French debt selloff weighed on sentiment. The 10-year yield was up 1.5 basis points at 3.1% as of 0349 GMT, after demand at a sale of the securities rose to the highest since May. Yields move inversely to bond prices. The 20-year JGB yield pared its advance to 1 bp, putting it at 3.98%. It earlier hit a three-decade high of 3.99%. The 5-year yield was 2.5 bps higher at 2.385%, also pullin...
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