Japan's super-long bonds fall ahead of 30-year debt auction

Japan's super-long-dated government bonds experienced a selloff on Wednesday, pushing the yield curve steeper ahead of a 30-year bond auction. Investors offloaded lower-coupon bonds, particularly those around 22-25 and 14-15 years, to offset unrealized losses with equity gains. The 30-year JGB yield reached a record high of 3.515%.