JGB yields edge down after solid 30-year auction results

Japanese government bond (JGB) yields fell on Wednesday as investors absorbed the firm results seen at an auction for 30-year bonds that had generated caution in the market. The benchmark 10-year JGB yield was moving in a tight range, last down 1 basis point (bp) at 0.705%. A dip overnight in U.S. Treasury yields, which the JGB market tends to track, after solid demand for an auction of new three-year Treasury notes were weighing somewhat on Japanese yields.