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Japan's 5-year bond yield steadies after firm auction outcome
TOKYO: Japan’s five-year government bond yield traded flat on Wednesday, retreating from the session high after a bond auction saw firm demand. Here are a few details: The five-year JGB yield turned flat at 2.34%, after rising to 2.35% earlier in the session. The yield was last up 0.5 bp at 2.345%. The Ministry of Finance’s five-year bond auction received bids worth 3.56 times the amount sold, above the past-year average of 3.36 times. The auction saw strong demand, supported by declines in yields on French bonds, said Takashi Fujiwara, lead fund manager at Resona Asset Management. On Tuesday,...
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