JGB yields fall as futures hit one-week high
TOKYO, Feb 3 (Reuters) - Japanese government bond yields
fell on Friday, supported by futures gain to its one week high,
while the yield on the 30-year notes rose ahead of an auction.
The 10-year JGB yield fell 1.5 basis points
(bps) to 0.480%, after rising to 0.495%, a step below the Bank
of Japan's policy ceiling of 0.5%, in the previous session.
Benchmark 10-year JGB futures rose 0.42 yen to
147.21, its highest level since Jan. 26.
The five-year yield fell 2 bps to 0.160% and
the 20-year JGB yield fell 2 bps to 1.280%.
The two-year JGB yield fell 1 bp to -0.035%.
"Futures are firm, and that supported declines in yields in
various notes, but the 30-year bonds were weak (in prices) ahead
of the auction," Keiko Onogi, senior JGB strategist at Daiwa
Securities.
The Ministry of Finance plans to hold the auction for
30-year notes on Tuesday.
The 40-year JGB yield was flat at 1.755%.
(Reporting by Junko Fujita; Editing by Rashmi Aich)
Log In Required
Line of Credit Log In Required
