Thu, 25 Jun 2015 10:35:04 GMT
Two-year Japanese government bonds advance while long-term securities deteriorate
Two-year bonds of the Japanese government were well received in an auction on Thursday, performing a bid-to-cover ratio at a level of 3.71, thus indicating a firm demand. The yield on these securities stayed unchanged at 0% amid Japan's QE programme, which is driving borrowing costs down. Meanwhile, the 10-year yield grew 2 basis points to 0.475%, while investors pulled