Japanese government bond yields rose to their highest level in three months on Thursday, as poor demand at a 10-year bond auction underscored concerns over rising issuance in the world’s largest bond market. The benchmark 10-year JGB yield rose 3bp to 1.44%. At the Y2,100bn ($23.2bn) auction, 37.6% were accepted at the lowest price, which was the lowest since February. See also FT Alphaville on “Japan and the Einhorn factor“.

This entry was posted by Gwen Robinson on Friday, November 6th, 2009 at 4:41 and is filed under Capital markets. Tagged with jgb. Edit this entry.