Exclusive-Japan to Consider Trimming Super-Long Bond Issuance, Sources Say

Astonishingly Optimistic - Action Forex

Market mood is astonishingly great this week on the back of a global decline in yields, triggered by the Japanese government’s will to adjust the size of its bond issuance amid a selloff in long-maturity bonds sent 30- to 40-year JGB yields to all-time highs on growing concerns that the Japanese government won’t be able to cover its massive budget deficits. But the yields are higher again this morning, hinting that the volatility there continues.

Yen drifts ahead of Japan bond auction, dollar steady

By Ankur Banerjee SINGAPORE (Reuters) -The Japanese yen wobbled in volatile trading on Wednesday as ructions in the bond market kept the spotlight on the fiscal health of major economies while the U.S. dollar steadied after a strong end to the previous session due to upbeat economic data. The yen was last little changed at 144.345 per dollar in early trading after dropping 1% on Tuesday in the wake of reports that Japan will consider trimming is…

ICYMI Japan is to consider trimming super-long bond issuance - Reuters

Reuters with the exclusive report this morning that weighed on super long JGB yields and the Japanese Yen

The Japanese Ministry of Finance is planning to reduce the share of borrowing beyond 20 years in its issuance program this year, a relief for the markets.

Exclusive-Japan to consider trimming super-long bond issuance, sources say

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Japan’s super-long bond yields slide on optimism over likely cut in MOF sales - Regional Media News

TOKYO (Reuters) -Yields on super-long Japanese government bonds (JGBs) fell sharply on Tuesday after Reuters reported the finance ministry may reduce the issuance of those bonds. The 30-year JGB yield extended the declines, falling 12.5 basis points (bps) to 2.91%, its lowest since May 14. The 20-year JGB yield fell 13.5 bps to 2.37%. Japan’s Ministry of Finance (MOF) will consider tweaking the composition of its bond programme for the current f…