Akitsugu Bandou Investors Quotations

There was a concern ahead of the auction whether there is enough demand for the long-dated debt, such as 20-and 30-year bonds. Thirty-year debt has fallen to a level where investors can think about buying.

Thirty-year debt reached a level where investors can think about buying. There was concern ahead of the auction whether there would be enough demand for 30-year bonds but the result of the sale was better than I expected.

It is very doubtful the 10-year yield reflects the outlook the central bank will soon change monetary policy. It is hard for investors to buy debt when the economy has strong growth momentum.

Investors don't feel safer buying bonds as they remain strongly concerned about a rate hike and higher yields. Surging Treasury yields will pressure Japanese yields to rise.

The economy hasn't lost strength and yields are not likely to fall more. It is hard to expect investors will buy bonds.