Japan bond yields mixed after relatively weak 5-year auction (opens original article in a new tab)

Japanese government bond yields showed mixed movements on Tuesday following a relatively weak 5-year auction, with shorter-term yields rising and longer-term yields declining.

• Japanese government bond yields were mixed after a weaker-than-expected 5-year auction
• The 5-year yield rose 0.5 basis point to 1.910% with a bid-to-cover ratio of 3.11 times
• Yields on longer-term bonds declined while the 2-year yield increased 0.5 bp to 1.41%