TOKYO, March 11 Reuters Japanese government bond yields fell on Thursday after an auction of 20year notes received solid demand, despite uncertainty about the outcome of the Bank of Japans policy review next week.
Japans finance ministry received bids worth 3.4 times the amount of bonds sold, which was higher than the bidcover ratio of 3.13 at the previous auction of 20year debt last month.
The 20year JGB yield fell two basis points to 0.490, while the 10year JGB yield fell one basis point to 0.110. The 30year JGB yield fell three basis points to 0.660. The fiveyear yield fell 0.5 basis point to minus 0.075. The 40year JGB yield fell 2.5 basis points to 0.705. Benchmark 10year JGB futures rose 0.06 point to 151.17, with a trading volume of 34,240 lots.
Reporting by Tokyo markets team; Editing by Aditya Soni