JGBs slip on Nikkei’s surge, 30-year tender worry

* Demand for Y600 bln auction of 30-year bonds seen soft

* Yield curve steepens, 5- to 30-yr spread widest in 2 weeks

By Hideyuki Sano

TOKYO, July 8 (BestGrowthStock) – Japanese government bonds slipped
on Thursday on a sharp rebound in Tokyo stocks, with the yield
curve steepening further ahead of a 30-year JGB auction later in
the day.

The superlong sector — paper with maturities of more than 10
years — was hit hardest as traders fretted that investor demand
could be tepid after lukewarm demand at a 10-year JGB offering
earlier in the week.

The 30-year bond yield rose 3 basis points to 1.940 percent
(JP30YTN=JBTC: ). The yield has spiked more than 14 basis points in
less than a week since it hit a 1-