TOKYO, March 2 (Reuters) – Yields on Japanese government bonds fell on Tuesday after an auction of 10-year notes received solid demand, easing concerns about a recent global sell-off in sovereign debt.<\/p>\n
Benchmark 10-year JGB futures rose 0.27 point to 151.08, with a trading volume of 29,280 lots.<\/p>\n
The 10-year JGB yield fell 2 basis points to 0.130%.<\/p>\n
Earlier on Tuesday a government auction of 10-year bonds received bids worth 3.14 times the 2.1 trillion yen ($19.66 billion) in notes that were sold.<\/p>\n
The 20-year JGB yield fell 2.5 basis points to 0.505%, while the 30-year JGB yield fell 2.5 basis points to 0.700%.<\/p>\n
At the long end of the curve, the 40-year JGB yield was unchanged 0.780%.<\/p>\n
The five-year yield fell 1 basis point to minus 0.075%.<\/p>\n
At the short end, the two-year JGB yield fell 0.5 basis point to minus 0.125%.<\/p>\n