Japan’s Bonds Back on Stage With Another Sale of Longer Debt

Japan’s sovereign debt is back in the spotlight as the government prepares for another sale of super-long-term bonds after dismal showings at recent auctions, as demand for the far-end of the curve sputters across the globe.

The results from the finance ministry’s auction of 30-year bonds are due at 12:35 p.m. Tokyo time. The 30-year yield fell as much as 5.5 basis points to 2.89% ahead of Thursday’s sale, down from 3.185% last month, the highest level since it was first sold. Some investors are concerned that yields may surge again if the 30-year offering sees little appetite.