TOKYO, Jan 30 (Reuters) - Japanese government bond (JGB)
yields rose on Thursday, led by a sell-off of bonds with
super-long maturities after their price rally paused.
The 30-year JGB yield rose 3.5 basis points
(bps) to 2.265%, after falling to a more than two-month low of
2.21% in the previous session. The 40-year JGB yield
rose 4 bps to 2.64%.
"Demand for bonds with super-long maturities had been
strong, supported by the firm outcome of recent auctions," said
Katsutoshi Inadome, a senior strategist at Sumitomo Mitsui Trust
Asset Management.
"The Ministry of Finance will reduce sales of super-long
bonds from April, which also underpinned demand for such
longer-dated bonds. But that momentum has faded."
The 20-year JGB yield rose 2.5 bps to 1.9%.
The 10-year JGB yield rose 2 bps to 1.21%.
Bank of Japan Deputy Governor Ryozo Himino spoke at a
seminar from 0610 GMT on Thursday.
His speech, scheduled a few days after the BOJ raised its
policy rate, was less focused compared with his previous
appearance in mid-January.
"There has been no miscommunication between the BOJ and the
markets about the central bank's future policy, as the BOJ has
said what it could say after its policy meeting last week,"
Inadome said.
Last Friday, the BOJ raised interest rates to 0.5%, their
highest since the 2008 global financial crisis, and revised up
its inflation forecasts.
The five-year yield rose 1.5 bps to 0.88%.
The two-year JGB yield rose 2 bps to 0.715%
after Himino spoke. The other yields have not moved as of 0700
GMT.