Japanese bonds gather in the hope of saving less

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Japanese bonds with a term rose on Tuesday after the government took the rare step of collecting basic merchants and other market participants for their opinions on the future version, raising hopes that may be able to expand the range of supply.

It seems that the move by the Japanese Ministry of Finance is designed to restore calm to the JGB market that was It is raised by fluctuation In recent weeks, borrowing costs have risen to a record level last week.

Returning for 30 years Japanese government bonds 0.19 degrees Celsius decreased to 2.85 percent, while the return for 10 years decreased 0.04 ° C to 1.46 percent. It is inversely transmitted to bond prices.

The questionnaire was sent to a wide range of primary brokers, according to two people familiar with the situation, and they asked for comments on the current market situation.

Both people said that it appears to be designed, to confirm that the demand for ultra -term JGBS was structurally low, which could justify a government decision to retract the issue.

MUFG analysts indicated that this step by MOF “may well reflect the increasing concerns about revenue after a 20 -year auction last week and before a 40 -year bond tomorrow.”

US government bonds rose on Tuesday, as the 30 -year -old Treasury fell to 0.07 percentage points to 4.96 percent.