After weak demand for Japan's 40-year treasury bonds auctions, the price of sovereign bonds fell, putting pressure on the government to reduce the issuance of such bonds. After the auction, 40-year Treasury yields rose 5 basis points to 3.335%, and both 30-year and 40-year Treasury yields hit record highs last week. The Ministry of Finance sent a questionnaire to market participants to gather opinions on the issuance situation and current market conditions. This move triggered a rebound in the price of ultra-long-term treasury bonds and increased the possibility of adjusting the bond issuance plan.

After weak demand for Japan's 40-year treasury bond auctions, the price of sovereign bonds fell, putting pressure on the government to reduce the issuance of such bonds. After the auction, 40-year Treasury yields rose 5 basis points to 3.335%, and both 30-year and 40-year Treasury yields hit record highs last week. The Ministry of Finance sent a questionnaire to market participants to gather opinions on the issuance situation and current market conditions. This move triggered a rebound in the price of ultra-long-term treasury bonds and increased the possibility of adjusting the bond issuance plan.