Group 1 - The Japanese government bonds have rebounded for the second consecutive trading day, with ultra-long-term bonds leading the gains after a significant sell-off triggered by Prime Minister Fumio Kishida's tax cut campaign promises [1] - The 30-year bond yield fell by 10 basis points to 3.62%, while the 20-year and 10-year yields dropped to 3.185% and 2.23%, respectively, following a chaotic market where some yields had surged over 25 basis points earlier in the week [1] - The rebound is attributed to Finance Minister Shunichi Suzuki's call for market calm and some fund managers viewing the recent yield spike as a buying opportunity, potentially prompting domestic investors to reallocate some overseas holdings back to Japanese bonds [1] Group 2 - Traders are closely monitoring the Bank of Japan's policy decision on Friday and any comments from Governor Kazuo Ueda, with the upcoming auction of 40-year bonds also being a market focus [2] - The discussion around consumption tax cuts has been largely absorbed by the market, but ongoing uncertainties due to election activities and parliamentary deliberations may hinder sustained buying demand [2]
日债风暴暂歇！超长端连续两日反弹 市场聚焦央行政策定调
Zhi Tong Cai Jing·2026-01-22 06:24