Institution: Global demand for ultra-long-term government bonds cools down

On August 21, Jin10 data reported that Roman Gaiser of Threadneedle Investments in Colombia stated that the demand for ultra-long-term government bonds from traditional buyers such as pension funds has weakened in recent months. In the United States, the auction subscription demand for 20-year and 30-year government bonds is below normal. In Europe, the yield on Germany’s 30-year government bonds reached a multi-year high this week, while the yield on the UK’s 30-year government bonds rose to a four-month high. The demand for Japan’s ultra-long-term government bonds has also been relatively weak compared to supply recently. Gaiser noted that this is a global trend, reflecting market concerns about the long-term fiscal and economic outlook amid uncertainty influenced by high trade tariffs in the U.S.