TOKYO- Japanese government bond (JGB) yields rose to their highest levels in more than a decade on Tuesday as an auction for 20-year bonds saw low demand as investors continued to puzzle out how fast and high the Bank of Japan (BOJ) may increase interest rates.
The 10-year JGB yield ticked up 2.5 basis points (bps) to its highest since November 2009 to 1.41 percent, while 10-year JGB futures fell 0.37 points to 139.01 yen.
The 20-year JGB yield climbed 6 bps to 2.065 percent, a level last seen in April 2011, following the auction of corresponding bonds. It was last at 2.06 percent.
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