Japan 10Y Yield Holds Steady After Bond Sale

2026-02-19 04:30 By Jam Kaimo Samonte 1 min. read

Japan’s 10-year government bond yield held steady around 2.15% on Thursday, hovering near six-week lows, after the latest 20-year JGB auction drew weaker demand than the 12-month average, as lower yields tempered investor interest.

The 20-year yield hovered near 2.98%, down from an almost three-decade high of 3.46% reached last month.

Yields surged in January after Prime Minister Sanae Takaichi proposed a two-year cut to the sales tax on food, raising concerns about the fiscal outlook.

They later retreated following Takaichi’s landslide election victory, which eased political uncertainty and bolstered expectations that her fiscal expansion plans could support economic growth.

Separately, data showed Japan’s machinery orders jumped in December after a November slump, driven by one-off large bookings from refineries and nuclear fuel producers.



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