Japanese treasury bonds rose in early trading in the Tokyo market, following the overnight rise in the price of US Treasury bonds. Japanese treasury bonds and US treasury bonds often fluctuate simultaneously. Today's focus is likely to be on Japan's Ministry of Finance's auction of around 600 billion yen of 30-year Japanese treasury bonds. Tomohisa Fujiki of Citigroup Research said in a research report: “Demand for this auction may be driven by life insurance companies. “The interest rate strategist said, “The yield should be at a level sufficient to make regular purchases.” The 10-year Japanese Treasury yield fell 1.5 basis points to 2.790%. The 30-year Japanese Treasury yield fell 3 basis points to 3.93%.

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