JGBs fall in early Tokyo trade, tracking U.S. Treasury declines

JGBs fall in early Tokyo trade, tracking overnight price declines in U.S. Treasurys. Focus is on the Finance Ministry's auction of about 700 billion yen of 20-year sovereign debt. Citi Research says negative factors for the super-long sector are already priced in and the auction should attract sufficient demand. The 20-year JGB yield is up 1.5 bps at 3.785%.