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Jan 6, 2012

Superlong JGBs remain softer ahead of auctions

TOKYO, Jan 6 (Reuters) – Longer-dated Japanese
government bonds underperformed on Friday ahead of a busy
auction schedule, while futures steadied as investors hugged the
sidelines ahead of U.S. jobs data and a three-day holiday in
Japan.

Superlongs were also weighed down by minor profit-taking by
investors amid increasing uncertainty over whether the
government will be able to overcome political opposition and
implement a sales tax hike to alleviate Japan’s fiscal woes,
dealers said.

Jan 5, 2012

JGB futures steady, French bond auction eyed

TOKYO, Jan 5 (Reuters) – Longer-dated Japanese
government bonds underperformed on Thursday as domestic
investors switched into shorter maturities ahead of JGB
auctions, while futures steadied before a debt sale in France
later in the day.

The JGB yield curve kept steepening as superlong bonds such
as 20 and 30 years were pressured by investors who bought JGBs
on caution before the long holidays unwinding their positions to
shift their holdings to shorter maturities ahead of upcoming JGB
auctions, traders said.

Jan 4, 2012

JGBs fall as positive data boosts risk appetite

TOKYO, Jan 4 (Reuters) – Japanese government bonds
fell on Wednesday with the appeal of safe-haven debt undermined
after upbeat U.S. and European economic data boosted investor
risk appetite.

The JGB yield curve bear-steepened slightly, as superlong
bonds such as 20 and 30 years were weighed down by uncertainty
over whether the Japanese government will be able to overcome
political opposition and implement a sales tax hike to alleviate
the country’s fiscal woes, traders said.

Dec 30, 2011

Ten-yr JGB yield set to decline for 2nd yr in row

TOKYO, Dec 30 (Reuters) – The benchmark 10-year
Japanese government bond yield is poised for a second straight
year of decline, largely because the euro zone debt crisis and
the global economic slowdown have boosted Japan’s safe-haven
appeal.

Market players expect that appeal to continue next year,
helping counter fears that the uncertain outlook for a rise in
Japan’s sales tax could spur rises in yield.

Dec 29, 2011

JGBs steady as euro zone concerns support bids

TOKYO, Dec 29 (Reuters) – Japanese government bonds
were steady to slightly higher on Thursday in thin trade,
pushing down the benchmark yield from a two-week high as renewed
concerns over Europe’s debt woes knocked stocks.

The benchmark 10-year yield is poised for its second
straight year of declines largely as the euro zone debt crisis
and the global economic slowdown have boosted the safe-haven
appeal of JGBs.

Dec 28, 2011

JGBs slip on expected rebound in output, sales tax doubts

TOKYO, Dec 28 (Reuters) – Japanese government bond
prices slipped on Wednesday in thin trade, pushing up the
benchmark yield to a two-week high, after government data
indicated a brighter outlook for industrial output.

The yield curve bear-steepened as yield rises in superlongs
such as 20- and 30-year bonds outpaced those of other sectors,
with uncertainty about a sales tax hike in Japan denting
investor appetite for longer maturities.

Dec 27, 2011

JGBs mixed on year-end position adjustment

TOKYO, Dec 27 (Reuters) – Japan’s benchmark government
bond yields inched higher on Tuesday but stayed near one-month
lows, while longer-dated yields dipped as buy-and-hold investors
such as insurers made year-end position adjustments.

Tuesday is the last day for settlement for delivery this
year.

Superlongs such as 20- and 30-year bonds were steady, though
the 30-year yield slipped 1.5 basis points to
1.905 percent at one point, hitting its lowest since Nov. 24.

Dec 26, 2011

JGB futures steady in lowest volume in 3 years

TOKYO, Dec 26 (Reuters) – Japanese government bond
futures steadied on Monday and held below major technical
resistance, though volumes hit their lowest in three years with
many markets closed for extended Christmas holidays.

Market reaction to a plan to increase debt issuance next
fiscal year was muted, as it was mostly in line with
expectations.

Dec 22, 2011

JGB futures higher, 2-year sale draws fair demand

TOKYO, Dec 22 (Reuters) – Japanese government bond
futures ticked up in thin trade on Thursday, while superlong
cash bond prices inched down as brokers squared positions ahead
of a three-day weekend.

A 2.7 trillion yen ($34.63 billion) two-year JGB auction
drew decent demand even with a lower coupon as safe-haven bids
helped underpin the offering amid the ongoing euro zone debt
crisis and expectations that the Bank of Japan will maintain its
monetary easing stance.

Dec 21, 2011

JGBs steady on bargain-hunting, shrug off R&I downgrade

TOKYO, Dec 21 (Reuters) – Japanese government bond
prices were steady on Wednesday as bargain hunting from players
reinvesting money after large-scale bond redemptions this month
countered a dent in demand from rallying stocks.

The market shrugged off a downgrade to Japan’s credit rating
from domestic agency R&I as the move follows similar steps by
Standard & Poor’s and Moody’s Investors Service.