This report previews the upcoming 30y JGB auction, identifying fiscal policy concerns and seasonality as primary risks while noting the attractiveness of current yields for long-term investors.
Key Takeaways
- 1.The 30y JGB auction faces headwinds from fiscal deterioration concerns and negative seasonality, though yield levels offer some appeal.
- 2.Tactical outright longs are suggested for those able to ride out short-term price fluctuations, with potential for yield declines from autumn.
Table of Contents
- Positives and negatives ahead of the 30y auction
- Potential positives
- Potential negatives
- Auction strategy
- Key charts
Document Preview
Access the Full Report
Get unlimited access to institutional research reports with a 14-day free trial.
Authors
Yuhi Kawano
Securities
30Y Japanese Government Bond
Themes
Fiscal Policy RisksReflation Trade
Regions
Asia PacificJapan