Long-term interest rates have reached a high level for the first time in about a month, rising to -0.915% due to caution over the 10-year bond auction.

Last updated: September 3, 2024, 9:16 JST (excerpt)
On the 3rd, the bond market fell, and long-term interest rates rose to 0.915%, the highest level since August 6. Selling pressure for adjustment ahead of the 10-year government bond auction scheduled for this day is leading the market.
Nin Okumura, Senior Interest Rate Strategist at SMBC Nikko Securities, pointed out, "The focus is on how much adjustment will be made for the 10-year bond auction." With limited government bond auctions being a catalyst for rising interest rates, and with auctions continuing until the 20-year bond on the 12th, Okumura believes that today's auction itself will be easily absorbed but the market is unlikely to rise after the auction.
The September futures for long-term government bonds fell temporarily by 18 ticks to 144.42 yen, down from the previous day.
The yield on the newly issued 10-year bonds is 0.915%, 1 basis point higher.
The yield on the newly issued 5-year bonds is 0.525%, 1.5 basis points higher.