Naomi Hasegawa Government Quotations

The JGB market got some lift from losses in stock prices and from index-trackers (funds) stepping in to purchase government debt paper.

Bond prices got a boost from the fairly good outcome of today's two-year debt auction, while index-trackers actively purchased government debt paper, which supported the market.

The report suggests we're one step closer to the Bank of Japan's exit from its current loose monetary policy. That's negative for Japanese government bonds.