JGB yields rise as liquidity-enhancing auction suggests weak demand [Yahoo! Finance]
Sumitomo Mitsui Financial Group Inc Unsponsored American Depositary Shares (Japan) (SMFG)
US:NYSE Investor Relations:
smfg.co.jp/english/investor
Company Research
Source: Yahoo! Finance
reacting to a result of a liquidity-enhancing auction suggesting weak demand for debt. The five-year bond yield edged up 0.5 basis point (bp) to 0.490% and the 10-year JGB yield rose 1 bp to 0.9%. "There was no major market moving cue today so the market reacted to the outcome of the auction which was seen weak," Katsutoshi Inadome, a senior strategist at Sumitomo Mitsui Trust Asset Management said. The liquidity-enhancing auction for the bonds with maturities between one year and five years received bids worth 3.6 times the amount sold, slightly lower than a ratio of 3.7 times at the previous auction in March. JGB strategists expect the yield to make stable moves in the run up to the next Bank of Japan's (BOJ) policy meeting, after surging last week for caution on the reduction of the BOJ's bond purchases. "Despite the yen's weakness, the BOJ maintained the amounts for the regular bond buying operation intact, which will underpin the demand for JGBs," Kaoru Shoji, Japan rat
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SMFG
Sec Filings
- 5/15/24 - Form 6-K
- 5/15/24 - Form 6-K
- 5/15/24 - Form 6-K
- SMFG's page on the SEC website